Post Profile

Taxes Higher Under Howard

Australia came out of the global financial crisis largely unscathed, thanks to the Rudd Government’s rapid fiscal response in the form of public spending. Depending on whether your views are shaped by the Murdoch Press or by economists such as those working at the IMF, this was either an irresponsible waste of the Howard government’s surplus or a sensible Keynesian stimulus.
read more


Related Posts

Pointless fiscal expansions that swamp us with debt but don't reduce unemployment

Politics / Australian Politics : Harry Clarke

I liked this article by Henry Ergas on the likely ineffectiveness of the fiscal stimulus introduced by the Rudd Government as it accords with my own priors. For a small open economy like Australia fiscal actions make sense in a stan...

The Australian economy’s biggest problem? Barack Obama

Politics / Australian Politics : Larvatus Prodeo

Politically, much of the resilience of Kevin Rudd’s government in the face of the economic downturn is explicable by voter perceptions that the causes of the crisis are external to this country - the Global Financial Crisis. While t...

Forget Europe: Here Are 14 Countries That Could Rattle The Global Financial Markets This Year

Business & Finance : Business Insider: Money Game

Financial markets have largely been focused on Europe's debt crisis, the looming fiscal cliff in the U.S., and the deceleration of the Chinese economy. But there are at least 14 other global geo-political risks that investors need t...

Why anyone who compares Puerto Rico to Greece is wrong

Business & Finance : Ezra Klein

Its economy has been shrinking for years, its debts have been piling up for even longer, and its government has finally admitted that even brutal tax hikes and spending cuts wouldn't be enough for it to pay back everything it owes. ...

Stop Printing Money For The Banks, Hand Out Cash To The People Instead, Citi Tells Australia

Business & Finance : Zero Hedge

In 2009, in response to the global financial crisis of 2008-09, Australia put in place one of the largest fiscal policy packages in the developed world one which amounted to 4.6% of its 2008 GDP. Among the various fiscal stimuli pas...


Copyright © 2016 Regator, LLC