Debunking Degrowth
Introduction Increasingly there are calls for degrowth, not just to abandon the pursuit of economic growth, but to shrink economies. …
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A Future Without Future Funds
In 1984, Milton Friedman reminded us that “there is nothing so permanent as a temporary Government program”. And so it …
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The Return of Inflation: What It Means for Australia
Inflation is rising around the world, the sting in the tail of the pandemic economic stimulus packages unleashed by governments in 2020. The narrative thus far is that this inflation spike is transitory, even if a little more persistent than first thought.
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The End of Monetary Policy?
Monetary policy is not the answer to our economic problems; and central bank actions could be making matters worse. This …
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A Fiscal Vaccine for COVID-19
The fiscal response to the Covid-19 crisis ensures that the federal and state governments will experience large budget deficits and …
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Millennials and Super: the case for voluntary superannuation
Superannuation is not a good deal for everyone. As a result of house prices increases, it has become much harder …
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I, Mechanical Pencil: Why a socialist economy can never work
Socialism brings poverty and oppression. The ignorance of so many as to why only a market economy is capable of …
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The Major Bank Levy: We’re all going to be hit
The major bank levy was proposed in the 2017–18 Budget. The levy has numerous flaws including: The costs of the …
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Principles and recommendations for tax reform – CIS submission National Reform Summit
The slant towards cutting taxes before 2010 was welcome, but for such an approach to return in the foreseeable future, …
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Submission to the National Commission of Audit
The federal government’s Commission of Audit (CoA) was established in 2013 to review the performance and role of government. This …
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‘Greedflation’ myth hides real causes of inflation
With much fanfare this week, the ACTU initiated an “Inquiry into price gouging and unfair pricing practices” to be chaired …
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Wages can be a great threat to taming inflation
Reports this week that inflation has again increased to 6.8% for the year to April 2023 are grim reading for …
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Labor and Treasurer Jim Chalmers have a long way to go to address inflation
This week’s economic statement from Treasurer Jim Chalmers has answered some pressing economic questions. First and foremost, inflation will remain …
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A mini budget soon after the election could reset Australia’s economic outlook
This week’s economic data was definitely a mixed bag for the government, at least from a political perspective. It was …
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How to reverse Whitlam-sized growth in government
The day before news broke that inflation had surged to 5 per cent, the Australian Bureau of Statistics reported that …
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Wages growth boost would boost government’s election hopes
This week, the Reserve Bank increased interest rates by 0.25%. This comes in response to last week’s ABS figures that …
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RBA needs to do more to boost economy
Last week the Reserve Bank of Australia cut interest rates to zero and said it would pump an extra $100 …
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Why the price of cheap money will always be too high
Next Tuesday, the Reserve Bank of Australia is expected to reduce the cash rate to another record low. Monetary policy in …
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Increasing JobSeeker not an open and shut case
Should there be a permanent increase in unemployment benefit (now called JobSeeker)? There is widespread support for it, but is …
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Note from Tom Switzer
We’re only a few weeks into the coronavirus crisis, and already our intellectual opponents are arguing that the coming recession …