Kodak’s new blockchain and cryptocurrency hint at a new kind of intellectual property, one that doesn’t need a government to enforce property rights.
- Professor of Institutional Economics, RMIT University
Despite its name, cryptocurrency isn’t just money. It could also be debt or equity and so it should be regulated and taxed in the same way as other finance.
There’s been quite a bit of speculation over whether Australia has a property market bubble - where house prices are over-inflated compared to a benchmark - and when it might burst. According to housing…
While MYEFO discussion focuses on the budget deficit, experts say it also serves as a stark reminder of the need for bigger policy ideas in Canberra.
The 2016 post-election report from the Parliamentary Budget Office lacks context and comes too late to inform voters.
Labor’s policies, costed by the Parliamentary Budget office, pass scrutiny - but like the Coalition, fail the test of real budget repair.
Fairfax’s circulation figures fall as staff are made redundant.
Free market economists love the idea, but not everyone would welcome the competition.
There are lessons to be learned from the failure of Dick Smith but it’s not necessarily an indicator of a trend for 2016.
RBA has no comparative advantage or good reason to regulate the Payments System. Australia already has a specialist agency to regulate industry – the ACCC.
Qantas shareholders have been patient, proof the market will drop short-term horizons if it is convinced management has a plausible strategy.
With today’s cut, interest rates are at a record low, due in large part to ongoing concerns about the global economy.
The Henry Tax Review identified 125 taxes within Australia levied by all levels of government. Of those 125 taxes, just 10 taxes raised 90% of all tax revenue. The company tax is the second largest source…
In the recent ABC funding debate, many have questioned what the public broadcaster is for. What should its role be in Australia’s contemporary media landscape? Some argue that the ABC is a market-failure…
Here is a tough question – what are the limits of legitimate protest? As Lord Keynes is famously reputed to have said, everything depends on everything else. What is protest? What is legitimate? I’m going…
Consumer sentiment has tumbled to levels not seen since August 2011, in a post-budget drop economists say does not reflect the real state of the economy. According to the monthly Westpac Melbourne Institute…
The Abbott government has laid out its path to reach a budget surplus near the end of the decade in the face of continued below-trend growth. Stopping short of making deep cuts in the coming years, Treasurer…
Tony Abbott has warned there will be “tough decisions” in tomorrow’s federal budget – but would his government risk an industry and internal backlash by cutting back on multi-billion-dollar fuel tax credits…
The National Commission of Audit has made 86 recommendations with a focus on the federal government’s 15 biggest and fastest-growing areas of spending. The result is proposals for sweeping spending cuts…
In recent days it’s been suggested the Commission of Audit should look at so-called tax expenditures as well as government spending as traditionally defined. Writing in the Australian Financial Review…
As was widely expected, Qantas this morning announced a major restructure of its operations. Included in that announcement are: 5000 job losses. A fleet restructure. Salary freezes. Route restructures…
Qantas will cut 5000 jobs, freeze wages of all staff, and sell or defer buying more than 50 aircraft in a bid to cut A$2 billion in costs. The airline said the roles to be lost include 1500 management…
So it begins – a company running to Canberra with a good story and in need of some or other political favour. To be fair, these companies tend to have very good stories – consumer safety, national security…
Toyota has confirmed it will cease its vehicle and engine production in Australia by the end of 2017, signalling the end of automotive manufacturing in Australia. The announcement follows decisions by…
Federal Treasurer Joe Hockey’s first budget update has revealed a massive blowout to the bottom line and a warning of a decade of deficits ahead. The government’s Mid-Year Economic and Fiscal Outlook (MYEFO…
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