Next year marks the 10th anniversary of the Global Financial Crisis. In 2008 the banks in Australia wobbled, the economy stalled, unemployment rose and the Government acted. The GFC demonstrated a failure of trickle-down economics. Ten years later, with rising populism, it is clearer now more than ever that we need a replacement to the neo-liberal economic
Australia’s young people have been unfairly targeted by policies that have loaded them up with uni debts, locked them out of housing market and crippled them on the ‘flexible’ job front, and any changes that might address this imbalance are ‘grandfathered’ in so that they don’t affect anyone who is presently in a position of
The South Australian state government announced in late June 2017 that it was going to follow the Federal government and introduce a levy on the big banks. Episode 19 of Follow The Money, explains why the banks can absolutely afford the levy, why it’s a good idea economically and just how small the levy really
Tonight, as the Treasurer rose to give his Budget address in the house, our Deputy Director Ebony Bennett grabbed our Chief Economist Richard Denniss and Senior economist Matt Grudnoff for a chat about the Budget, straight after they emerged from the Budget lockup. Thi podcast isn’t a comprehensive discussion of the Budget, but we tried
Housing Affordability is not only a massive policy failure, but is increasingly vying for the gold medal for the most spin and econobabble in Australian politics. Episode 18 of Follow The Money, takes on the vexed issue and tackles the latest bad idea that won’t help housing affordability – raiding your super to pay for a
Follow The Money summer specials continue with an absolute pearler from the first Politics in the Pub last year (2016) featuring charasmatic, controversial Senator, Sam Dastyari. Richard Denniss described it as ‘the best Politics in the Pub speach yet.’ Senatory Dastyari opened with the omission that he was ‘A product of the Labor machine’. And
Welcome to our second Follow The Money summer special! If you’re taking a break this summer, but still craving a political fix – we are here to help. Over the summer we’ll bring you the highlights from The Australia Institute’s popular Politics in the Pub live sessions from 2016. In this episode you’ll hear a discussion from
House prices – what is to blame? Our economists look at the claim from the Prime Minister that the ABCC was needed to stop ‘union thugs’ pushing up house prices. They also look at the tax breaks for investors. No prizes for guessing what the evidence shows is actually effecting house prices. Contributors: Jim Stanford
Economic models are like a lot of things in life: What you get out of them depends on what you put in. But therein lies the problem. When reporting focuses on the ‘findings’ without looking at what assumptions underpin politically influential economic models, it leaves us vulnerable to what Richard calls the ‘peak-stupid of econobabble’.
Interest rates may be one of the most discussed and least understood area of economics in Australia. Our Chief Economist and Senior Economist discuss the whats and whys of Reserve Bank policy and how interest rates really effect people and the broader economy. Contributors: Richard Denniss – @RDNS_TAI Matt Grudnoff – @MattGrudnoff Ebony Bennett – @ebony_bennett. Produced by
In episode 6, we tackle the perennial favourite of politicians in an election year – income tax cuts. Do personal income tax cuts really lead to economic growth and job creation? Does more money in the wallet increase incentives and make people work harder? We put those claims to the test. Contributors: Richard Denniss – @RDNS_TAI
The Australia Institute’s podcast series, Follow the Money, this week takes on Company Tax. What is it? How much does it raise? Who pays it? Who is saying that we should cut it, and ‘cui bono’ – who benefits? Contributors: Richard Denniss – @RDNS_TAI Dave Richardson – not on twitter! Ebony Bennett – @ebony_bennett Produced by Jennifer
Episode four of Follow The Money is a special edition – In conversation with Richard Denniss about the subject and title of his new book: Econobabble. So what is econobabble? Ebony Bennett talks to Richard Denniss about why we shouldn’t be afraid of upsetting ‘the markets’ and how you can call commentators on their bullsh*t.
Episode three of The Australia Institute’s exciting new podcast series Follow The Money looks at Negative Gearing. You can subscribe to Follow The Money on iTunes. Contributors: Matt Grudnoff @MattGrudnoff Cameron Amos @CamAmos_ Frank Keany @FJKeany Find us on Twitter/Facebook. More on Negative Gearing – recent papers from The Australia Institute: Top Gears: How negative gearing and the capital gains tax
The second episode of The Australia Institute’s exciting new podcast series Follow The Money looks at Australia’s superannuation system. You can subscribe to Follow The Money on iTunes. Contributors: Richard Denniss @RDNS_TAI Matt Grudnoff @MattGrudnoff Francis Keaney @FJKeany Find us on Twitter/Facebook. More on Super – recent papers from The Australia Institute: A Super Waste of Money Tax Concessions
The first episode of The Australia Institute’s exciting new podcast series Follow The Money looks at the economics behind Australia’s mining boom. You can subscribe to Follow The Money on iTunes. Contributors: Richard Denniss Rod Campbell Francis Keaney Find us on Twitter/Facebook. In Follow The Money, The Australia Institute explains the economy in plain English. We’ll bust some economic