The opposition leader’s question is so seductive to people who don’t follow politics and the economy,and don’t want to use their grey matter.
When it comes to the budget,there’s been an element of good management as well as good luck,for which Chalmers and Albanese deserve some credit.
Shane Wright,Ross Gittins,Peter Hartcher,Jacqueline Maley and Matthew Knott break down the economic and political implications of the budget.
When Jim Chalmers says Labor’s new tax cuts are “modest”,he’s not exaggerating. However,this is a budget we’ve wished on ourselves.
Neither the Labor government nor the opposition are truly interested in shutting down price gouging by the big two supermarkets – they would rather have the issue disappear.
Insurance companies,the banks and the government know what’s coming,but they don’t want to talk about it before it happens,mainly because they don’t know what to do about it.
The business press may be shocked by budget deficits,the voters have never been – and that will particularly be the case this time when all they care about is the cost of living.
Albanese and Dutton will lose votes to the two groups who really care about the great challenge we face:climate change.
Academic economists may be locked into their maths and econometric models,but practising economists know it ain’t that simple.
The expansion in employment has been extraordinary. Why hasn’t this massive growth in the workforce led to higher wage rates?