3 November 2022

The spectre of inflation now scares most around the world. Predictions by some economists and central bankers that it would be temporary are proving wrong. Money is losing value at an accelerated pace. Even economies where the authorities are engineering a recession are heading into a sustained inflation wave. Stagflation—inflation while growth stalls—is back. Relearning the lessons of history is

13 August 2020

This article from the Winter 2020 edition of the IPA Review is written by UNSW Professor Emeritus of Economics, Wolfgang Kasper. The unprecedented Corona slump of 2020 confronts Australians with massive challenges. Reviving the battered economy has been made more difficult by confrontational acts of Communist China aimed at limiting Australia’s sovereignty. This demonstrates the vulnerability of free economies, which

1 July 2016

Coming from overseas in the 1970s, Australia looked to me like the ‘Land of Missed Opportunities’. Partial liberalisation during the Hawke-Keating era and some further reforms under Howard-Costello let Australian entrepreneurs and citizens realise much of their considerable potential: Australians became winners. Since then, we have suffered wealth-sapping political curtailments of economic freedom. After the 2016 election, overdue and urgent