Economic Policies
The Nobel Prize winning economist James Tobin once said that the study of economics “offered the hope, as it still does, that improved understanding could better the lot of mankind”. One of the ways in which it does this is through the implementation of economic policy that helps to ameliorate boom-and-bust cycles, reduces unemployment, contains inflation or lifts people’s living standards in sustainable ways.
‘Super for Housing’ – a Thoroughly Bad Idea
Australian Society and Politics, Economic Policies, Housing, The Australian Economy, Topics | 19th September 2024Saul’s analysis of the Liberal-National Coalition’s proposal to allow people to withdraw up to 40% of their superannnuation savings (up to a maximum of $100,000) in order to purchase a first home (subject to a requirement that the amount withdrawn be re-invested in superannuation when that home is sold), commissioned by the Super Members’ Council, published […]
What’s happening in the economy – nationally and in Tasmania
Economic Policies, Tasmania, The Australian Economy | 13th September 2024Saul’s presentation to the Governance Institute of Australia’s Tasmanian Governance Forum on 13th September 2024, providing some perspectives on recent developments in the Australian economy and the outlook for interest rates – and also the Tasmanian economy, the Independent Review of Tasmania’s State Finances and the 2024-25 Budget presented the day before.
Tasmania’s 2024-25 State Budget – an Assessment
Economic Policies, Tasmania | 12th September 2024Saul’s ‘take’ on the 2024-25 Tasmanian Budget, presented by Treasurer Michael Ferguson on 12th September 2024. In a nutshell, the Government has left the task of returning Tasmania’s public finances to a sustainable position to another day – or to another government.
Tasmania’s State Finances – presentation to the Local Government Association of Tasmania’s Annual Conference
Australian Society and Politics, Economic Policies, Tasmania | 4th September 2024Saul’s presentation to the Local Government Association of Tasmania’s Annual Conference in Hobart on 4th September (with some concluding observations on the initial responses of Tasmania’s major political parties to the Independent Review of Tasmania’s State Finances presented on 19th August).
All about inflation
Economic Policies, News, Recent Media Interview, The Australian Economy | 31st August 2024Saul Eslake: Australia’s recent inflation experience, what caused it, and how the Government and the Reserve Bank are responding to it
‘Price-gouging’ and ‘profiteering’ haven’t been major contributors to Australian inflation
Economic Policies, News, The Australian Economy | 26th August 2024Saul Eslake: Notwithstanding assertions from both the left and right of the Australian political spectrum, ‘price-gouging’ and ‘profiteering’ have not been significant contributors to the high inflation which Australia has experienced over the past three years.
A ‘security blanket’ for Australian manufacturing
Australian Society and Politics, Economic Policies, News, Security, The Australian Economy | 26th August 2024Saul Eslake: The Albanese Government’s signature ‘Future Made in Australia’ has a good part, which is about the transition to net zero, and a not-so-good part, which reeks of ‘manufacturing fetishism’ and an obsession with ‘security’ at the expense of other objectives.
Australian Financial Review magazine feature on ‘The Worst (Australian) Public Policy Decision of the 21st Century Thus Far’
Australian Society and Politics, Economic Policies, News, The Australian Economy | 24th July 2024The July 2024 edition of the Australian Financial Review‘s monthly magazine includes a feature article by Myriam Robin, editor of the ‘Rear Window’ column, on my ‘one-man mission’ (as she calls it) to undo what I’ve called ‘the Worst Public Policy Decision of the 21st Century Thus Far’, namely, the ‘deal’ (originally ‘done by the Morrison […]