coronavirus

IPA Keeping In Touch – 25 March 2020
25 March 2020

IPA Keeping In Touch – 25 March 2020

Dear IPA Members Australians will get through this because of our values and our way of life. Our challenge will be to ensure that the Australian way of life is not permanently disfigured as a result of this crisis. The Australian way of life entails individual freedom, hard work, aspiration, egalitarianism, small business creation, home ownership, sporting prowess and success,
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The Looking Forward Podcast Episode 56: Our Values will Sustain Us
25 March 2020

The Looking Forward Podcast Episode 56: Our Values will Sustain Us

As the pandemic rises, government must make decisions based on uncertainty. What trade-offs are we making and what values are defining these trade-offs? (2:00-22:20) It’s the ‘short sharp shock’ model of shutdown versus the ‘flatten the curve’ approach, which should guide Australian policy? (22:20-34:44) The pandemic has put extreme pressure on job loss and the economy, how are governments all
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Listen To The Experts And Elites, But Remember They’ve Got Form
25 March 2020

Listen To The Experts And Elites, But Remember They’ve Got Form

The Prime Minister’s call for Australians to heed the advice of his government’s experts may fall on deaf ears because the experts and elites have let this country down so many times before,  In his press conference last Wednesday, Scott Morrison said “if you hear it from me, if you hear it from a Premier, if you hear it from [Chief Medical Officer]
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IPA Keeping In Touch – 24 March 2020
24 March 2020

IPA Keeping In Touch – 24 March 2020

Dear IPA Members I am writing to you because these are very difficult times and big decisions affecting our lives and the future of the country are being made almost every hour. We must all stay connected if we’re to get through this emergency with our freedoms and prosperity intact, and so we at the IPA are planning regular emails
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Virus Crisis Signals End Of The Road For The ‘Lollipop Economy’
24 March 2020

Virus Crisis Signals End Of The Road For The ‘Lollipop Economy’

However this crisis ends, the era of Australia’s ‘lollipop economy’ is over. Not in our lifetime will a worker ever again be paid $180,000 a year to stand and hold a traffic sign at a construction site. (Which is the amount traffic controllers can earn under the Queensland government’s minimum labour requirements on state-funded infrastructure projects.) If there’s one thing that sums
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Quantitative Easing: A Desperate Move With No Clear End Game
24 March 2020

Quantitative Easing: A Desperate Move With No Clear End Game

The Reserve Bank of Australia’s decision to engage in quantitative easing is a desperate move with no clear end game.   While QE has been precipitated by the public health response to coronavirus, the radical nature of the response is a result of a weakening economy on the back of more than a decade of failed monetary policy.  After cutting the cash rate from
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Cut Red Tape To Save Jobs
20 March 2020

Cut Red Tape To Save Jobs

“Regulations that stop Australians keeping their job and their businesses open must be scrapped,” said Daniel Wild, Director of Research with the free market think tank the Institute of Public Affairs. The call comes with the release of new report today from the Institute of Public Affairs, The Growth of Regulation in Australia, which finds that over the past 15 years, unelected
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The Looking Forward Podcast Episode 55: The Patient Needs to Survive the Cure
18 March 2020

The Looking Forward Podcast Episode 55: The Patient Needs to Survive the Cure

The coronavirus pandemic has turned the world upside down. Whilst governments all around the world scramble for solutions, what are the policy affects for citizens? (3:25-16:10). Different countries’ approach to the pandemic response highlight complexities of decision making, and the importance of sensibly drawing on rather than deferring to experts. (16:10-26:50) The virus has pricked open many underlying economic issues,
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The Very Last Thing We Need Is Radical Reserve Bank Action
13 March 2020

The Very Last Thing We Need Is Radical Reserve Bank Action

The Reserve Bank of Australia has used the coronavirus threat to accelerate its move toward radical monetary policy. To prevent further distortions to the Australian economy the government should lower the RBA’s inflation target that is driving economically harmful intervention.   Last year, RBA Governor Philip Lowe tested the waters with talk of quantitative easing and negative interest rates with the
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Stimulus Package A Missed Opportunity
13 March 2020

Stimulus Package A Missed Opportunity

“By focusing on cash handouts and short-term measures, the stimulus is a missed opportunity to address Australia’s structural economic problems through lower taxes, less red tape, and energy market deregulation,” said Daniel Wild, Director of Research at the free market think tank the Institute of Public Affairs. “The stimulus package is the good, the bad, and the missing: the expansion
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