economics

Our Threatening K-Shaped Corona Recession
10 September 2020

Our Threatening K-Shaped Corona Recession

Australia is emerging from the COVID-19 lockdown measures not as one, but two separate nations comprised of the economic, cultural and political elite embodied in the public sector on one hand, and mainstream Australia embodied in the productive, private sector on the other. The two Australias have emerged over time. Before coronavirus arrived in this country, those in the private
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The Rage Of The Economics Establishment
31 July 2020

The Rage Of The Economics Establishment

An article on these pages last weekend by this newspaper’s economics correspondent, Matthew Cranston, titled “We need reform like we’ve never seen before” revealed everything that’s wrong with what Australians are told about economics. And it reveals why many people were apoplectic when Treasurer Josh Frydenberg dared suggest there were lessons to be learnt from the success of Margaret Thatcher and Ronald
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“It Was Never Going To Be Possible To ‘Freeze’ And Then ‘Unfreeze’ The Economy”
5 June 2020

“It Was Never Going To Be Possible To ‘Freeze’ And Then ‘Unfreeze’ The Economy”

A daily email by free market think tank the Institute of Public Affairs, providing the latest economic data and policy measures for journalists, commentators and IPA members. Daily IPA comment attributable to Cian Hussey, Research Fellow at the Institute of Public Affairs: “The forecasts released today by the Parliamentary Budget Office demonstrate the devastating impact of the lockdowns.” “PBO’s most
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Why JobKeeper Cannot Be For Keeps
20 May 2020

Why JobKeeper Cannot Be For Keeps

Last week the Australian Bureau of Statistics reported that Australia had a 6.2 per cent unemployment rate. Based on the collapse in hours worked, however, I guesstimate the jobless rate is closer to 9 per cent. An increase from 5.2 per cent unemployment to almost 9 per cent in just one month is a catastrophe. To be fair, things could be
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The Economic Statement: Business As Usual Won’t Defuse Our New Debt Bomb
13 May 2020

The Economic Statement: Business As Usual Won’t Defuse Our New Debt Bomb

Treasurer Josh Frydenberg yesterday delivered a sobering economic statement to Parliament. In stark contrast to the premature “back in the black” celebration just 12 months ago, the Treasurer detailed the “significant increase in government debt which will take many years to repay”. In the absence of any meaningful scrutiny from the opposition, the coronavirus pandemic has effectively given the government
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Red Tape Is Costing Australia $176b A Year
16 December 2019

Red Tape Is Costing Australia $176b A Year

Excessive government regulation is harming the economy, reducing freedom of choice and making people’s lives harder. Becoming a hairdresser in New South Wales requires approximately 1,224 hours of study and can cost $12,060. In order to open a restaurant in the same state you must fill out 48 separate forms and acquire 72 licences. These are just a few of
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IPA Academy – Gary Wolfram on the free market, pencils & hotdogs
26 July 2019

IPA Academy – Gary Wolfram on the free market, pencils & hotdogs

Gary Wolfram, Professor of Economics and Public Policy at Hillsdale College in Michigan, gives a lecture to the IPA Academy about the power of the free market in being able to deliver goods and services to people. Subscribe to our YouTube channel so you can receive all the fantastic speeches from IPA Academy.
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The Unions Unsheath Their Super Weapon
22 March 2019

The Unions Unsheath Their Super Weapon

Bill Kelty knew exactly what he was doing when 40 years ago, he and a few others first developed the idea of government-enforced compulsory superannuation. Superannuation was, is, and will be for the foreseeable future an essential part of the industrial armoury of the Australian trade union movement. Control of superannuation gives the union movement an influence over the factors
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Our Unproductive Approach To Growth
7 March 2019

Our Unproductive Approach To Growth

Australia has entered into a per capita economic recession for the third time in 28 years, according to figures released yesterday by the Australian Bureau of Statistics. The figures also show there have been 18 quarters in the past 28 years where per capita incomes have gone backwards. The 28-year yardstick is relevant because that is the time since Australia
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Independent Analysis Of The Costs Of The Paris Climate Agreement Support Previous IPA Research
27 February 2019

Independent Analysis Of The Costs Of The Paris Climate Agreement Support Previous IPA Research

Recent analysis prepared by Brian Fisher, the former head of the Australian Bureau of Agriculture and Resource Economics, estimates that Australia’s commitment to meeting the Paris Climate Agreement emission reduction obligations will impose $70 billion in cumulative economic losses by 2030 and a 2 per cent reduction to real wage growth. Under the Paris Climate Agreement Australia must reduce its
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