Vital signs

slow down sign

Australia has two options to keep out of recession, neither of them easy. The government will have to abandon its determination to get the budget into surplus.

Balanced budget

The state of budget-balance fetishism in Australia means political leaders promise to balance the budget, no matter what.

inheritance.jpg

The media loves a victim, but sympathy for someone who won't spend what they've got because they're saving for their children is taking it too far.

zero percent.jpg

Inflation has barely been within the Governor Philip Lowe's target band his entire time in office. Zero inflation means he should cut now, before the election.

pokie slot machine.jpg

Governments are addicted to tax revenue from harmful activities. It is stopping them from doing what is in society's best interests.

Josh Frydenberg.jpg

Josh Frydenberg wants to leave mortgage broker commissions unchanged for three years. It's hard to see why.

economy growth.jpg

The treasurer says 2018 was a year of two halves, but there were signs of a downturn well before mid year.

pit bull.jpg

Do regulators act in the public interest, or in the interest of those they are meant to regulate?

Philip Lowe.jpg

Rates might need to be cut urgently, and because things are good. RBA Governor Philip Lowe has signalled he won't wait.

rba_targets.jpg

The Reserve Bank's inflation target seems out of date in a world of ultra low inflation. So why is Governor Lowe persisting with it?

Pages