Dollars & Sense // Economics
Dollars & Sense demystifies the latest economic figures, how they impact you and what they can tell us about the economy, with host Greg Jericho, Chief Economist at the Australia Institute and the Centre for Future Work, and author of Guardian Australia’s Grogonomics column.
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.
A putrid set of numbers
Australia’s “pathetic” growth figures show that the Reserve Bank went too hard with interest rate increases, 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.
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.
Australia wastes billions making housing more expensive
It’s not easy to screw up the housing market this badly – it’s taken Australia decades of bad policy and billions of dollars to get here, Matt Grudnoff says.
Supermarxist? Dutton and the duopoly
The prime minister joked that the Coalition is turning communist, but having strong powers to break up the Coles-Woolies duopoly is sensible economic policy, Matt Grudnoff says.
June 2024
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.
Why our GDP is going nowhere
Near-zero economic growth is a good sign of how bad things are, 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.
Poverty is a policy choice
According to the Productivity Commission, wealth inequality declined during the COVID years due to boosted government support payments. And when those payments finished, predictably inequality went back up. The overwhelming majority of gains from economic growth since the GFC have gone to the wealthiest people. On this episode, Greg Jericho discusses inequality, poverty, and government
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.
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?
Housing is so bad that 2020 prices look good…
Housing prices have risen so much in Australia that 2020 prices look almost reasonable.
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
A Bad Case of Gas
The gas industry likes to tell us it’s vital to the Australian economy. But when people are paying more in GST for Taylor Swift merch than many companies are paying in company income tax per year, and the government collects more from HECS than the PRRT, you know something is seriously wrong. Greg Jericho is
February 2024
Wages are up! And, why non-compete clauses are bad for the economy
Wages are up over the past year, for the first time since 2021! Which means your real wage has increased as well, but by a small amount. Also this week, the Bureau of Statistics looked at restraint clauses, or non-compete clauses. So what do they mean for workers, and the economy as a whole? Lower
How John Howard Ruined Housing
The Right to Disconnect is attracting criticism from business groups and others, saying it will reduce productivity. Well, it won’t. And do they mean productivity, or profits? Also, how negative gearing and the capital gains tax discount delivered massive tax breaks to the rich at the expense of affordable housing for the rest of Australia.
Inflation seems to be under control…what now?
The latest CPI figures show inflation has fallen, hopefully putting an end to interest rate rises for the moment. But does that mean the economy is healthy now, or is there more to it? Greg Jericho is Chief Economist at the Australia Institute and the Centre for Future Work and popular columnist of Grogonomics with
January 2024
Stage 3 tax cuts are Dead, Long Live (the Improved) Stage 3 tax cuts
The (old) Stage 3 tax cuts are dead. Long live the (revised and much improved) Stage 3 tax cuts. Some may cry ‘broken promises’ but it’s a bit hard to make an impact with that argument when the broken promise gives most people more money in their pocket. Greg Jericho is Chief Economist at the
Aussies Love a Bargain – What Retail Figures Show
Today Greg’s taking a look at retail figures over the past month, and what they say about our spending habits. Also, how much stuff from the 1980s could you buy today? Greg Jericho is Chief Economist at the Australia Institute and the Centre for Future Work and popular columnist of Grogonomics with Guardian Australia. In
December 2023
A Penny-Pinching Christmas – 2023 Wrap-Up
2023 was a big year in economics, with inflation and the cost of living crisis dominating the headlines. Greg is taking a look back at the year, and how the economy shaped our lives in 2023. Greg Jericho is Chief Economist at the Australia Institute and the Centre for Future Work and popular columnist of
Australia cares too much about Budget surplus
The Government has released the MYEFO, or Mid-Year Economic and Fiscal Outlook, or as we call it, Easter for economists. It’s projecting a very small deficit of around $1 billion. But does that really matter? Greg Jericho is Chief Economist at the Australia Institute and the Centre for Future Work and popular columnist of Grogonomics
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