“So, looking at the list of previous winners. I think it’s fun to see the list of past winners because Jess Irvine, Waleed Aly, Ross Gittins, who won it last year, Gareth Hutchens. You don’t know the internals of journalism, but quite a lot of us hate each other, so when I saw the list I thought, gosh, how funny. People far more profound than those on this list have all agreed as well from different sides of politics.” – Adam Creighton
Still with we need “government cuts to ease inflation“, Speersy?
It can’t work, because inflation is a function of land prices and excessive private debt.
Government spending issues the currency, David: taxation removes excess currency – to help curb inflation.
Want to bring on an ealy recession? Then cut government spending and introduce a surplus budget!
Inflation/cost-of-living ….
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The shift from Republicans to Democrats isn’t so remarkable when it’s viewed in terms of a revolt about the cost-of-living. It’s the US version of Europe’s street riots.
Happily, for Donald Trump who was elected on an anti-status quo vote himself, it won’t really matter if the Democrats do control Congress and the Senate. He says he’ll just veto Senate and Congress votes if he doesn’t approve of them.
That’s democratic!
Tom Elliott interviewed economist Paul Bloxham on radio 3AW this morning. He asked Bloxham what he would do in our current economic circumstances.
Tax reform, said Bloxham. [tick!] He would reduce personal and corporate income taxes. [tick!] and increase the goods and services tax. [x!]
There you go; the oldest trick in the world! Try to pass off the repetitive switch of emphasis between income and sales taxes as ‘tax reform’! Higher consumer prices are apparently good for us? God forbid higher taxes on our hopelessly escalated land prices which would deflate them!
Bloxham was also concerned about Australia’s low productivity [tick!] and that we need to look after our corporates.
But has anybody noticed that business gets a pretty good hearing from governments responding to the pleas of lobbyists and economists – often at the expense of all Australians?
Where do people stand in getting a hearing fromthe national government? Surely businesses will do pretty well if people have money in their pockets, not these impossible levels of mortgage debt?
Maybe it’s time to listen to heterodox economists who are more attuned to the generality of people than so-called ‘orthodox’ economist lobbyists?