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

share

Related Posts


The Economy Just Dodged Two Big Bullets From China And Australia

Business & Finance : Business Insider: Money Game

The global economy may go through Wednesday morning unscathed, as two big datapoints came in okay. Aussie GDP came in at -1.2% vs. expectations of -1.1%. The gigantic floods were a contributor, and the fact that the number wasn't mu...

Mortgage interest deduction said to cause ‘vast distortion’ in global economy?

Real Estate / Real Estate Industry News : Inman News

Subsidies that governments give to debt have spawned a "vast distortion" in the global economy that has made the financial system vulnerable to crises, hindered productive investment, curtailed economic growth and aggravated inequal...

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...

Comments



Copyright © 2015 Regator, LLC