Post-war Australia experienced a boom with full employment and falling inequality. State Library of Queensland

Governments haven’t always shirked responsibility for our low wages

The federal government could restore its commitment to creating full employment in Australia, using its spending power to make up for any shortfall in private jobs as it did during the post-war boom.
The treasurer and his shadow went head to head in a debate that covered tax reform, education, superannuation and economic management. Stefan Postles/AAP

Twitter: Morrison and Bowen battle it out in Treasurers’ Debate

Analysis tweets from the debate between Treasurer Scott Morrison and Shadow Treasurer Chris Bowen at the National Press Club
Treasurer Joe Hockey and Finance Minister Mathias Cormann speak to media during the 2015 budget lockup. AAP Image/Lukas Coch

Path to budget surplus built on shifting foundations

The impact of 2015 budget measures delivered by the government pale into insignificance when compared with the external factors hurting the budget bottom line.
It is true that our “headline” (or statutory) corporate tax rate of 30% is higher than that of many other countries. (AAP Image/Dean Lewins)

FactCheck: is Australia’s corporate tax rate not competitive with the rest of the region?

“Well, Jon, the Government’s about to bring in a 1.5% corporate, or company, tax cut from the 1st of July. That’s something that obviously we support, because (the) corporate tax rate at 30% is not competitive…
The first incarnation of the now-gone mining tax focused on economic rent. Is targeting powerful rent seekers too hard? AAP/Kim Christian

How’s this for fundamental tax reform? Target the rentseekers

Tax is back in the spotlight with coalition MPs and the Australia Institute talking about getting rid of some of the exemptions to the GST. There has also been a lot of talk about whether or not corporate…
This government is fond of comparing the economy to a household budget - but there is one really major difference. AAP/Lukas Koch

Why the federal budget is not like a household budget

Treasurer Joe Hockey is experiencing difficult times. Deteriorating terms of trade and an uncooperative senate mean that he cannot deliver the surplus when he said he would and he cannot continue to cut…
Are we really in charge of our own destiny? Flickr/Michael Shane

The perils of the last human: flaws in modern economics

Nietzsche’s much quoted line “God is dead” was not, as it is often presented, a statement of triumphant atheism but was a warning and a call to action. We had killed God with rationalism and science. With…

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