Stone was the last of the old-style Canberra mandarins, serving eight Australian treasurers, from Snedden to Keating.
- Honorary Associate Professor in the School of History, Research School of Social Sciences, Australian National University
The government has finally passed long-delayed reforms to the way the Reserve Bank operates. Here’s what the changes will mean for our central bank.
Up until December 9 1983, officials used to announce each morning how much the dollar was worth. Even bankers were shocked about letting the market set the price – but it’s served Australia well.
The new paper says closer to 2.8 million Australians are in some way unemployed, equivalent to one-fifth of the current workforce. That’s much more than the official unemployment total of 539,700.
Critics ought to acknowledge that on average over time Australia’s Reserve Bank has met its inflation target, but it is worthwhile examining the way it is run.
Sebagai investor muda, pendiri ekonomi makro modern John Maynard Keynes mungkin akan membeli Bitcoin. Namun, Keynes yang lebih tua akan cenderung menghindarinya. Simak alasannya.
As a young investor, the founder of modern macroeconomics John Maynard Keynes might well have bought Bitcoin. The older Keynes would not have. It’s instructive to examine why.
Harcourt became an economist because he “hated injustice, unemployment and poverty”. He became one of Australia’s greatest, and was a leading figure in the development of economic thought.
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