23 April 2023
The RBA Review Had Surprising Omissions
A report that recommended profound changes lacked any evidence to show it was not a set of solutions in search of a problem. The long-awaited review of the Reserve Bank, released to the public last Thursday, had few surprises yet had surprising omissions. For a report that recommended profound changes to the central bank, it lacked any evidence that these changes are,
1 April 2022
Frydenberg’s Budget Is A Spendathon, But Is It Any Good?
The government’s much-anticipated 2022-23 Budget contains the usual set of massive spending programs characteristic of an election year. Many of these are warranted and arguably long overdue – such as the nearly $10 billion set aside to increase intelligence and cybersecurity capabilities (though this will only be realised over the course of a decade). However, most are largely political in
22 November 2018
Loans Are A Wrong And Risky Way To Help Small Business, Mr Treasurer
The Federal Government’s proposed $2 billion small business loan scheme is the wrong response to a real problem. The decline of small businesses in Australia presents a substantial policy challenge. In 2017 there were 6,000 fewer new businesses than a decade earlier, despite Australia’s working age population growing by 20 per cent, according to a recent report by my colleague
