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Keywords: National Debt

  • ECONOMICS

    How will Russia sanctions impact the global economy?

    • David James
    • 22 March 2022
    1 Comment

    Russia’s invasion of Ukraine has led to severe financial sanctions being imposed on the country that are likely to have lasting consequences. Problem is, they may not be the ones the sanctioners are expecting. They may even come to regret what they have done.

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  • ECONOMICS

    Why Australia’s rural sector is ripe for financial reform

    • David James
    • 06 December 2021
    1 Comment

    If Australia does draw back from globalisation — as opposed to trade, which will continue — then there should be more focus on our primary sector and how it could be better financed. Australia’s long history as a primary producer constitutes what economists call a ‘comparative advantage’: an economic area in which a country does best while giving up the least.

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  • ECONOMICS

    We need to rebuild our social foundations

    • John Falzon
    • 15 June 2021
    4 Comments

    Our economy is 1.1 per cent larger than a year ago. Yet, as the situation in Victoria reminded us, none of us are safe unless all of us are safe. And we cannot be safe while work remains increasingly insecure, while social security payments are inadequate and while our public infrastructure is found wanting.

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  • ECONOMICS

    The economy is never as good as it looks and never as bad as it seems

    • David James
    • 04 May 2021
    2 Comments

    But although the Coalition will never admit it, it looks suspiciously like there has been some bipartisan institutional learning about how to manage financial crises. If you want to stimulate an economy in times of crisis put the money directly into the economy, either into people’s pockets or to businesses who then pass it on to workers.

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  • INTERNATIONAL

    Fragile fraternity a hundred years on from Black Friday

    • Andrew Hamilton
    • 15 April 2021
    4 Comments

    The parallels with our own times of the events of Black Friday in 1921, with its movement from a time of heavy social spending and the flowering of social capital to a time of recovery, and the fateful choices that are made at such times, are evident. We await the results of the economic choices being made by government and their effects on community and solidarity.

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  • ECONOMICS

    Finance needs common sense, not cleverness

    • David James
    • 10 December 2020
    1 Comment

    The world’s financial markets are afflicted by a deep irrationality that imperils their very existence. On the surface, finance looks logical enough with its numbers, charts, mathematics, forecasts, ‘modelling’ and so on. But this only masks the fact that the system itself has been working on underlying assumptions that are either contradictory — such as that you can ‘deregulate’ finance when finance consists of rules — narrow minded or absurd.

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  • AUSTRALIA

    'Hard-hat' focus leaves women behind

    • Leya Reid
    • 29 October 2020

    Despite the heavy focus on 'hard-hat' professions in our political discourse, Australia’s economy is dominated by its service sectors. If this is Australia’s first service sector recession, why is this not reflected in the focus of our recovery and job creation programs?

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  • AUSTRALIA

    Putting a value on a human life

    • Andrew Hamilton
    • 01 October 2020
    7 Comments

    The response to COVID has invited reflection about the relative value of one human death (and so of one human life) as compared with another. This is a radical question because it makes us ask whether the value of a human life is defined by economic wellbeing and by potential contribution to the economy, or by deeper qualities.

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  • AUSTRALIA

    JobSeeker and reflecting on government responsibilities

    • Andrew Hamilton
    • 02 July 2020
    3 Comments

    Government must respect the human dignity of people who are often regarded as a burden on society. Seen from this perspective the JobSeeker allowance is deceptively named. It conflates two distinct though related responsibilities of government: to promote participation in the workforce by matching jobs available to people seeking them, and to provide for those who cannot work.

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  • AUSTRALIA

    Post COVID-19 in rural, regional and remote Australia

    • Jen Cleary
    • 13 May 2020
    4 Comments

    What is often not expected or well understood is the effect of ‘lag time’ aftershocks in our regions following economic crisis. Lag time is an attribute of some rural, regional and remote communities and is most often seen in economically path dependent and single industry communities, many of which of course, comprise RRR Australia.

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  • ECONOMICS

    A way forward to COVID-19 economic recovery

    • Joe Zabar
    • 05 May 2020
    6 Comments

    To date, most of the Morrison government’s economic packages could best be described as ‘economic welfare’. They are measures designed to limit the impact on the economy of the COVID-19 pandemic. The recovery phase will very much need to be about stimulating the Australian economy.

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  • AUSTRALIA

    A modest and muted Anzac day

    • Andrew Hamilton
    • 23 April 2020
    18 Comments

    This year the celebration of Anzac Day will be muted. No marches, no large reunions, few speeches at war memorials. The soldiers and others who lost their lives in war will be remembered, however, as they should be. Indeed, the celebration will perhaps speak more eloquently because of its simplicity.

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