The economy is people
Immigration and public spending are barely keeping Australia out of a recession.
November 2024
Small change for Big Cash
The government locks-in cash for essentials, plus Elinor dreams of a mortgage and Greg contemplates the passage of time.
All I want for Christmas…
…is an interest rate cut, says Greg Jericho.
Hitting our limits: the climate and COP29
The United Nations climate change negotiations are skirting around the critical issue of phasing out fossil fuels and are in desperate need of reform, says Sandrine Dixson-Declève.
October 2024
The free market: no problems, ever!
From the number of retirees experiencing poverty to the lack of competition in the banking system, the state of Australia’s economy leaves a lot to be desired, says Greg Jericho.
The misery business: why economists should cheer up about low unemployment
Record numbers of Australians are employed – that’s a great thing, despite what the interest rate doomers are telling you, says Greg Jericho.
Are you feeling NATURE POSITIVE?!
Corporate spin and complex markets distract from real solutions to Australia’s climate and biodiversity crisis, says Greg Jericho.
The government’s coal approvals could make the housing crisis worse
By choosing to extend three coal mines, the government could be inadvertently redirecting construction workers from building houses to the fossil fuel industry.
September 2024
House prices aren’t just cooked, they’re deep fried
Australia’s housing market is cooked and capping international student numbers isn’t going to fix it, says Greg Jericho.
August 2024
Pour one out for the big four banks
Australia’s big banks are among the most profitable in the world, so forcing them to compete is essential, says Greg Jericho.
Rate expectations: will Australians get a rate cut for Christmas?
The Reserve Bank Governor may be keeping her cards close to her chest, but a slowing economy means a rate cut this year could still be on the table, says Greg Jericho.
Another airline is grounded – should the government buy it?
Flights in regional Australia are an essential public service, so the government could consider stepping in to support the stricken regional carrier, Rex, Greg Jericho says.
How superannuation tax concessions help the rich get richer
Super tax concessions make inequality worse and are at risk of becoming more expensive than the aged pension.
July 2024
What would Trump 2.0 mean for the global economy?
The prospect of tariff hikes and higher inflation in a second Trump term has economic policymakers nervous, says Greg Jericho.
June 2024
A nuclear nothingburger
The faux-debate over nuclear energy is a distraction from the main game – reducing our emissions to address the climate crisis, says Greg Jericho.
The narrow path
At a time of major uncertainty in the economy, Reserve Bank Governor Michele Bullock’s honesty is refreshing, says Greg Jericho.
Pick your poison
The government is trying to strike a delicate balance in the economy, getting inflation down without sending the country into recession, says Greg Jericho.
May 2024
Walking the inflation tightrope
Inflation isn’t falling as fast as most economists want, but a rate rise now would do more harm than good, says Greg Jericho.
The budget and why your wages are lagging 14 years behind
The pandemic and runaway inflation reversed more than a decade of progress on living standards in just two years – and it’s going to be a long wait for them to inch back, says Greg Jericho.
We. Do. Not. Need. A. Recession.
Calling for a ‘short recession’ as an economist is like calling for a ‘small war’ knowing you’ll never be on the frontlines, says Greg Jericho.
JobSeeker drags people into poverty, but the government could fix this today
Budgets are about choices – and successive governments have chosen to punish jobseekers, says Greg Jericho.
April 2024
What the HECS?
Annual inflation is on the way down, but rents remain high and many people’s higher education loans are growing, even after repayments, says Greg Jericho.
Backing the renewable horse
The government is under fire for trying to ‘pick winners’, but green manufacturing could be the pony to get behind, says Greg Jericho.
The market expects rates to fall – but that may be optimistic
Greg Jericho discusses the decisions facing the Reserve Bank in coming months and a new report showing that rate rises hurt Australians more than anyone in the world.
The big budget con
The budget balance usually steals the headlines on budget night, but it’s not that important, says Greg Jericho.
March 2024
Waiting for Godot (and wage-price spirals)
Despite claims by some business groups and commentators, a modest wage increase for workers isn’t going to send inflation skyrocketing, says Greg Jericho.
Too good to be true? Employment spike exceeds expectations
Unemployment dropped in a big way in February, so is the Australian economy now out of the woods?
GDPitiful
Australia’s recent gross domestic product (GDP) figures show that the economy is weak and people are struggling to keep up. So what can the federal government – and the Reserve Bank – do to help? Greg Jericho is Chief Economist at the Australia Institute and the Centre for Future Work and popular columnist of Grogonomics
December 2022
Minority Report
This week*, Duncan and Mark review 2002’s Minority Report, directed by Steven Spielberg and starring Tom Cruise along with Colin Farrell, Samantha Morton, Max von Sydow (a regular on this podcast) and Neal McDonough. This is a film loosely based on Isaac Asimov’s short story The Minority Report. Seriously, by loosely we mean that the
November 2022
Wall-E
What happens when your pet dog has a disagreement with your laptop? You can’t publish this week’s episode last week like you were supposed to! Despite the delay (we’re very sorry, comrades), it’s Wall-E time! And what perfect timing given recent events – Wall-E depicts an idiotic future that only someone like Elon Musk could
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