November 2016

Interest always trumps ideology

In the modern version of “the battle of ideas” political interests trump political ideology nearly every time. Take, for example, the alleged supporters of “small government” who have been strategically silent as the Australian resource industry pushed for a $100 billion, wholly government owned, nuclear waste dump in South Australia. First published by the Australian Financial Review

Economic Models

featuring Ebony Bennett, Rod Campbell and Richard Denniss

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’.

October 2016

Interest Rates

featuring Ebony Bennett, Richard Denniss and Matt Grudnoff

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

September 2016

Barnett and Costello: how to waste a boom

Successful investors let their winning bets run while quickly cutting their losses. But while the strategy of “spreading your bets” and “failing fast” might work for venture capitalists, it doesn’t work well for prime ministers. A chief executive that shuts down an underperforming factory is decisive; a PM who abandons Tasmania or regional Western Australia is divisive.

August 2016

Tasmanians want salmon boom to be sustainable, regulated

Statewide polling shows Tasmanians want the fast growing industry of intensive fish farming to be better monitored and regulated. New polling of 1,310 Tasmanians conducted by ReachTEL for The Australia Institute shows 70% support for establishing an independent watchdog on intensive fish farms and 61% support for an independent investigation into the impacts of the

Prominent Australians urge PM: Don’t cut Newstart

Comedian Corinne Grant, former Liberal leader John Hewson, award winning author Anna Funder, and businessman John Menadue AO join a list of 32 prominent Australians signing the open letter. The letter reads opens quoting the Business Council of Australia from their submission to the Senate Inquiry into the Adequacy of the Allowance Payment System for

Budget repair for the poorest, tax cuts for the wealthiest

As Prime Minister Malcolm Turnbull prepares to deliver an address regarding ‘budget repair’ his government is proposing unprecedented austerity for the poorest Australians but generous tax cuts for the wealthiest companies and individuals. At the heart of the PM’s plan to repair the Commonwealth Budget is a plan to slash the budgets of Australia’s poorest

Don’t cut the dole: Poll

New polling shows very low support for Government policy to cut welfare benefits by removing the clean energy supplement. The poll of 1,310 residents across Tasmania showed 60% opposed cutting Newstart, while just 25% supported the move. (see poll below) “There has been mounting evidence of the inadequacy of the unemployment benefits.  To cut them

Australias banks the most profitable in the world

Analysis by The Australia Institute of The Banker’s survey of the top 1000 banks around the world showed Australia’s banks make the highest profit as a share of GDP.  Table 1 – Bank Profit share of GDP%  Rank bank profit share of GDP % 1 Australia 2.9 2 China 2.8 3 Sweden 2.6 4 Canada 2.3 5

Cuts would push dole to record low under poverty line

New research released by the Australia Institute today shows that government moves to cut unemployment benefits will put recipients at 32% below the poverty line . The research also highlights staggering inequality in Australia where the 10 richest Australian families have the same wealth as the poorest 3.9 million Australians combined. “At the time of

July 2016

Mr Coal’s’ super ministry and the challenges of merging energy with the environment

by Dan Cass in The Guardian

Malcolm Turnbull’s decision to merge the environment and energy portfolios could lead to a breakthrough in the toxic climate politics that was unleashed when Tony Abbott rolled him in the December 2009 leadership coup. Or the new super-ministry and its new minister Josh Frydenberg could be set up for failure. It depends entirely on whether

Election 2016: Why the BCA doesn’t deserve public influence

The Business Council of Australia and the Liberal party just lost a debate with Bill Shorten about the economy. Badly. The days where expensive suits and even more expensive modelling were enough to win a public debate about “what the economy needs” are over. The days where newspaper editors could shift votes are over. The days where governments can deliver unpopular

June 2016

Why the IPA and Libs like Brexit

Britain will now decide which Germans can invest in, or travel to, the UK and the circumstances in which they can do so.  The Brexit decision provides clear evidence of the tension within conservative politics between strident nationalism and economic rationalism. And as the business community is discovering, there are enormous economic risks when conservatives

The public shouldn’t trust business groups like the BCA

It is hard to claim a mandate for something you barely mention, but just as the Turnbull government has stopped talking about the Australian Building and Construction Commission, the business community has now made a TV advertisement for the company tax cuts that, wait for it, doesn’t mention the company tax cuts. It wasn’t meant to be

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mail@australiainstitute.org.au

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