The one line that matters in Australia's Budget
If you want to know whether a government is leaving the next generation better off, watch what it spends, not what it taxes.
If you want to know whether a government is leaving the next generation better off, watch what it spends, not what it taxes.
And how to fix it for the future.
Australia's inflation is home brewed.
The coming budget isn't really about helping young Australians.
Belgium, Germany, Denmark and Japan are reversing course. Yet Australia is still pretending it has a choice.
Canada might be getting a sovereign wealth fund. Whether Canadians ever get any wealth out of it is a different question.
The Strait of Hormuz delivered the price shock. Whether it becomes inflation is up to Canberra and Martin Place.
Comparing Australia's gas tax to Norway's is a masterclass in false equivalence that ignores physical and economic reality.
Australia has been burning its fiscal buffers in the good times, leaving it with little in the tank for the next real crisis.
How Canberra's response to the first is making the second worse.
Australia's $12.3 trillion housing stock isn't a pool of misallocated capital, but a mark-to-market valuation of a policy-induced supply constraint.
Argentina under Milei is a case study in how easily economists' politics can override the lessons of their own discipline.