Category Archives: Australian Politics

Unrepresentative Swill

Like most Australians, I have in recent times voted above the line in the senate — after all the ballots don’t even fit in the booths anymore. From time to time I even shopped the vote about a little – … Continue reading

Posted in Australian Politics, Uncategorized | Tagged , | 18 Comments

Sep RBA — playing with a dead bat?

The September RBA meeting is unlikely to be a big event. While i am sure that Gov Stevens still believes that ‘the best way to be independent is to be independent’ i also do not think him foolish enough to … Continue reading

Posted in AUD, Australian Politics, monetary policy, RBA | Tagged , | 8 Comments

Economic debate: Bowen bowed

Last night’s ‘economic debate’ on QnA was a fairly partisan affair, with the crowd cheering even the lamest lines from ‘their team’. It did, however, cement in my mind what a joke the whole pre-election ‘costings’ charade has become. The … Continue reading

Posted in AUD, Australian Politics | Tagged , , | 49 Comments

Joye breaks through

My friend Chris Joye has been writing for the AFR for about a year, and has just had his first breakthrough story. His interview with the former head of the US Central ­Intelligence Agency and National Security Agency, Michael Hayden, … Continue reading

Posted in Australian Politics, China | Tagged , | 2 Comments

Good news about the Aus labour market

I could fairly be accused of a little recent pessimism about the outlook for the Australian economy. Today, I want to point to a reason things might be better than I expect: the labour market is a better functioning market than … Continue reading

Posted in AUD, Australian Politics, economics | Tagged , | 2 Comments

Barnett calls end to Iron Ore boom

The Australian reports that WA Premier Colin Barnett just called the end of the Iron Ore boom — fresh off the plane from Beijing … COLIN Barnett has declared that the golden days of the iron ore boom in Western … Continue reading

Posted in AUD, Australian Politics, economics | Tagged , , , | 4 Comments

Is NBN Co working?

Ricardo’s recent post on Government debt led into a very interesting debate about the merits of the NBN project. I could spend all day debating the costs and benefits of the world’s largest government-funded broadband project, but I was particularly … Continue reading

Posted in Australian Politics, economics | Tagged , , , , , , , | 54 Comments

Aus $300bn debt ceiling is breached in 2015

There was a bit of confusion about the path of debt subject to the legislative ceiling of AUD300bn  following the publication of the 2013-14 budget. This has now been settled, with the Australian Treasury supplying the facts to Senate Estimates: … Continue reading

Posted in AUD, Australian Politics, economics | Tagged | 50 Comments

The political economy of carbon

In Treasury Secretary Parkinson’s post budget speech to the ABE, there is a flight of carbon-price fancy that made me laugh out loud — the justification for the budget assumption that the price will move so that prior emission targets … Continue reading

Posted in AUD, Australian Politics, economics | 3 Comments

Don’t cry tears for Auto sector RnD

The exit of Ford from Australian vehicle manufacture has flushed the rent seeking club out once again. Their arguments range from the sad and true but irrelevant (what else are elderly skilled workers to do — which is an argument … Continue reading

Posted in AUD, Australian Politics, economics | Tagged , | 6 Comments