Tony Makin
Featured Publication
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Lower Company Tax to Resuscitate the Economy 06 July 2020 | PP31In response to the economic contraction of the COVID-19 pandemic, the federal and state governments have dramatically expanded the scope and scale of state involvement in the economy. This massive spike in government spending continues to be funded by increased…READ MORE
Media & Commentary
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Too much spending, not enough reform 09 October 2020 | Ideas@theCentreThe Budget is very focused on the short-term, too heavy on spending and too light on permanent structural reform. “New spending is enormous, and although most of it is supposed to be temporary one wonders whether it will be fully…read more
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Budget: Concern over level of spending and lack of reform 07 October 2020 | MEDIA RELEASEThe Budget is too focused on the short-term, too heavy on spending and too light on permanent structural reform, the Centre for Independent Studies says. “New spending is enormous, and although most of it is supposed to be temporary one…read more
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‘Little knowledge’ budget 02 October 2020 | Ideas@theCentreThe dictum that “a little knowledge is a dangerous thing” rings very true in the run up to the federal budget. Limited understanding of macroeconomics in particular has been evident from the mantra that the economy needs sizeable fiscal stimulus…read more
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Extra infrastructure spending not an economic panacea 03 September 2020 | Ideas@theCentreIncreased government spending on infrastructure has been proposed yet again to revive the economy from the government-imposed recession. However, there are good reasons to be sceptical. Spending big on infrastructure to create employment is a straight replay of Keynes’ 1930s…read more
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Extra infrastructure spending won’t build a road out of the corona recession 01 September 2020 | SpectatorIncreased government spending on infrastructure has been proposed yet again to revive the economy from the government-imposed recession. The latest call for the states to spend another $40 billion has come from Reserve Bank Governor Philip Lowe and is supported…read more
Publications
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A Fiscal Vaccine for COVID-19 10 June 2020 | PP30The fiscal response to the Covid-19 crisis ensures that the federal and state governments will experience large budget deficits and escalating public debt for the foreseeable future. Federal government debt could for instance conceivably double to over $1 trillion within a few years in the absence of substantial budget repair.…READ MORE