MMT – fail
The Washington Post article on Modern Monetary Theory is getting a bit of air play on blogs – even Mankiw
Rudd resigns – is he playing for time?
Australia’s Foreign Minister – and former Prime Minister – Kevin Rudd just announced that he was resigning his commission as
Balance sheets balance (monetary policy edition)
Bad information seems to drive out good information – and so it is that the recently fashionable howler that rising
RBA clicks into neutral
The minutes from the RBA’s February meeting (unch at 4.25%) suggest that a cut was not seriously discussed at that
Strong AUD = strong economy?
In my mind, the purpose of the economy is to put folks into work – folks who are employed live
Where’s the AWU?
Paul Howes has been howling about the RBA’s decision to leave their policy rate at 4.25% in February – saying
It puts a rose on every cheek
Speculation that the “Happy Little Vegemite” video was leaked by PM: A Labor insider said the video could only have
Back to the drawing board
Martin Parkinson, Secretary of the Treasury, in this morning’s Fairfax article “You’ve never had it so good”: I am not
Jan jobs report puts RBA into neutral
The Jan jobs report caught the market by surprise, with the unemployment rate falling ~14bps to 5.08% (mkt 5.3%). Given
Against manufacturing subsidies
Christie Romer makes all the right arguments against the special treatment of the manufacturing sector. This theme is one of
Tezza takes stock
While the shadow governor’s term might have expired, the Herald Sun’s Terry McCrann does write a worthwhile wrap after the