Welcome to Eureka Street

back to site
Forgot your password?
Subscribe

Keywords: Inflation

  • AUSTRALIA

    Matters of interest

    • David Halliday
    • 14 November 2022

    How much financial strain can a system tolerate? With families simultaneously staring down the four horsemen of wage stagnation, higher prices of goods, higher bills, and higher mortgage repayments, something’s got to give.

    READ MORE
  • AUSTRALIA

    Those with the least are still expected to do the most in the face of inflation

    • John Falzon
    • 31 October 2022
    3 Comments

    In the first Chalmers budget we see a firm, albeit modest, assertion of the role of government in the long-term project of exiting the dismal and destructive era of neoliberalism and incrementally creating, in its place, a society where we have the collective resources to care for eachother, our planet and ourselves.

    READ MORE
  • ECONOMICS

    Real world problems can’t be solved by finance fictions

    • David James
    • 18 October 2022
    3 Comments

    The world is facing cross-currents: a collapsing financial system that is balanced by the benefits of massive, long term improvements in production efficiencies, mainly because of technological advances. It is a bad news/good news story that can only be seen accurately if the intractable errors of contemporary economics are jettisoned. We are in a battle between finance fictions and reality. 

    READ MORE
  • ECONOMICS

    Blowback to Russia sanctions in Europe as gas crisis looms

    • David James
    • 03 October 2022
    5 Comments

    For Europe, especially Germany, there should be enough gas in storage to limp through winter but by next spring there may be severe trouble. The leaders of Europe and the United States expected that they would win the economic war against Russia and force the invader to withdraw. Not only did that not happen, it is likely to lead to severe unintended economic consequences.

    READ MORE
  • AUSTRALIA

    Laying the foundations for an economy that works for people: the Jobs Summit challenge

    • John Falzon
    • 29 August 2022
    2 Comments

    While the Jobs Summit does not signal the end of neoliberalism, it does signal a political willingness by the Albanese government to begin an inclusive, deliberative process for healing some of the wounds that have been inflicted on ordinary people through the accumulation of superprofits on the one hand and cuts to real wages and the dismantling of social infrastructure on the other.

    READ MORE
  • AUSTRALIA

    The price of mistrust

    • Julian Butler
    • 29 August 2022

    The absence of trust undermines our ability to meet basic human need, to feel supported, to share resources and to effectively divide responsibilities. Mistrust imposes its own ‘price’ on every ‘transaction’, every engagement with others becomes more costly as we need to account for the perceived insincerity and unreliability of others.  

    READ MORE
  • ECONOMICS

    Why we need new rules for money

    • David James
    • 23 August 2022
    4 Comments

    Now that it is becoming hard to avoid just how much trouble the global financial system is in, it is interesting to speculate about what should be done about it. The first thing to understand about the global financial system is that the assumptions that were used to shape it are demonstrably false.

    READ MORE
  • INTERNATIONAL

    The cost of living and the cost of principles

    • Max Jeganathan
    • 15 August 2022
    3 Comments

    Despite a post-pandemic bull-run, both the national and international economy are now stalling. Interest rates are going up. Markets are going down. Inflation seems unstoppable. While many factors are to blame for the rising cost of living, a catalysing force continues to be our response to the war in Ukraine.

    READ MORE
  • ECONOMICS

    Why debt forgiveness may be inevitable

    • David James
    • 25 July 2022
    3 Comments

    Monetary authorities are caught in an impossible situation. Inflation is rising: it is over 5 per cent in Australia and over 9 per cent in the United States. Inflation is often seen as a way out of excessive debt because it erodes the real value of money and therefore the real value of the debt. But what is increasingly being discussed are ways to cancel the debt.

    READ MORE
  • INTERNATIONAL

    A more powerful lens

    • Michael McVeigh
    • 18 July 2022

    If there is another civilisation out there peering into the skies like us, what would they see as they catch a glimpse of life on Earth in the 21st century? I wonder what they would make of our preoccupations, and what they might see through their powerful lenses that we ourselves cannot? 

    READ MORE
  • ECONOMICS

    Rising interest rates point to a larger problem

    • David James
    • 28 June 2022
    3 Comments

    The question that should be posed is how effective has the Reserve Bank been at ‘managing’ the economy and financial system? ‘Not very’, has to be the answer. Not that the RBA is alone. The same pattern has been seen across the developed world. Central banks have one weapon at their disposal, the cost of money (the interest rate), and there is not much evidence they have used this tool to make their systems sustainable. Mostly, they have made matters worse. 

    READ MORE
  • AUSTRALIA

    On battlers

    • Andrew Hamilton
    • 20 June 2022
    1 Comment

    On social media, business cards and the bottom of emails nowadays you will often find a bracket with people’s preferred pronouns (he/him or she/her or they/them). Without fanfare, gender neutrality has slipped into our 21st century speech and our unconscious, and it is only when we are confronted with the gender specific language that we realise how we’ve changed. 

    READ MORE