by Ebony Bennett
[Originally published in the Canberra Times, 07 March 2020]
It might be time to panic. Not about running out of toilet paper, the real danger is that the Morrison government will undercook its mooted fiscal stimulus package and risk sending Australia into recession to prove an ideological point.
by Ebony Bennett
[Originally Published in The Canberra Times, 29 June 2019]
You have to hand it to the Coalition. It says it hates Labor's style of "class war" politics, but the reality is the conservative side of politics is just better at it. The Coalition has so radically reshaped our tax debate that earlier this week Labor was debating whether or not earning an income $200,000 a year should be classified as the "top end".
by Richard Denniss
[Originally Published in the Australian Financial Review, 26 June 2019]
Imagine if the Reserve Bank of Australia (RBA) conducted monetary policy the way the Morrison government conducted fiscal policy. Step one: publish optimistic forecasts of GDP and wage growth to create “confidence”. Step two: set interest rates five years down the track, based on those optimistic forecasts. Step three: when the economy dramatically slows, stick with your original policy settings. What could go wrong?
A potent tool for cleaning up misconduct in the industry is being overlooked by the Royal Commission into financial services.
The Centre for Future Work has proposed to the Commission that a system of sector-wide collective bargaining in the financial industry could establish clear and ethical benchmarks for compensation, avoiding the problem of ‘conflicted remuneration’, which is behind much of the misconduct the Royal Commission has exposed.
The Centre for Future Work’s submission to the Royal Commission proposes a uniform compensation system, to apply across the whole industry, consistent with the principles of ethical banking:
by Richard Denniss, Chief Economist at The Australia Institute.
Greed is good. Or so said Michael Douglas’ character Gordon Gekko in the 1980s hit film Wall Street. Gekko went further, stating “Greed, in all of its forms; greed for life, for money, for love, knowledge has marked the upward surge of mankind”.’
by Ebony Bennett, Deputy Director of The Australia Institute.
Watching Brazil’s National Museum burn this week was a tragic reminder that, if we don’t take care, we can snap the threads that bind us to our history forever.
Over a matter of hours, tens of millions of artefacts were reduced to ash. There’s no doubt it’s a disaster, but the news that it was likely preventable makes it a tragedy.
The Australia Institute commissioned ReachTEL to poll the federal seats of Mayo (766 respondents) on the evening of Wednesday 25 July.