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 latest inflation figures released on Wednesday showed that inflation is “sticky” and is no longer falling at the pace it was earlier this year.

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

On Monday the Productivity Commission released its snapshot of inequality report.

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.

Remember all that talk about wage-price spirals? About wages driving inflation? All that worry about a wages breakout causing interest rates to rise? Ahh yes, good times.

A bigger surplus this year and a bit bigger deficit next year! Does it matter?

Inflation will remain higher for longer, but a recession is not the solution, says Greg Jericho.

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.

It seems that some people really want a recession.

The government has the power to make significant and long-awaited improvements to the JobSeeker scheme in this federal budget, but it has to make it a priority, says Greg Jericho.

Budgets are about choices – and successive governments have chosen to punish jobseekers, says Greg Jericho.

If the government decided to make raising Jobseeker a priority in the Budget it would not talk about not being able to afford it, writes Greg Jericho.

Despite what the fearmongers would have you believe, the latest inflation figures showed that inflation remains well under control.

The government is under fire for trying to ‘pick winners’, but green manufacturing could be the pony to get behind, says Greg Jericho.

Last week Anthony Albanese finally announced the government’s major plan for the transition to a renewable energy economy.

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.

Soaring house prices, high household debt and the pervasiveness of variable rate home loans mean that Australians bear the brunt of interest rate rises, says Greg Jericho.

Australians are hurting from rate rises more than anyone. But that doesn’t mean the Reserve Bank is about to start cutting.

A budget surplus doesn’t mean a government is good at running the economy – we should focus on the choices they make instead, says Greg Jericho.

The budget balance usually steals the headlines on budget night, but it’s not that important, says Greg Jericho.

We are now a month away from the 2024-25 budget. And as with all budgets, the choices made matter much more than any big numbers that get the media attention.

Budget, Julia Gillard rightly said, are about choices. And those choices are a lot more important than whether or not the budget is in surplus or deficit

With unions calling for a five per cent increase to award wages, business groups are crying wolf over the proposal’s impact on inflation and unemployment, says Greg Jericho.