Author Archives: Fred Argy

Any alternatives to a levy?

I might have preferred for the Government to take a risk with the surplus in 2012/13, and perhaps to have a go at middle-class welfare, but that would have been politically too hard. It has been seen as “an intellectual … Continue reading

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Economic growth and distributive justice

I have often worried about whether promoting ‘efficiency” – in the economic sense – ensures maximum well being where it makes some people better off but others worse off – even if the Kaldor-Hicks criterion is fully met e.g. by … Continue reading

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Outlook for macroeconomy

I hate to say this but all my forecasts over recent months seem to be proving right. First, we have over-done monetary policy (see my contributions in Club Troppo, January 29 and February 4th 2010). Second, our expansionary fiscal policy … Continue reading

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Rudd’s achievements

Rudd has back-flipped on a number of government policies – the ditching of the insulation rebate scheme, junking the promise to build 260 childcare centres, the ETS decision (now postponed) and perhaps some wasteful spending on education. He has also … Continue reading

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The role of government

Robert Manne’s new book (co-edited), “Goodbye to All That? The failure of neo-liberalism and the urgency of change”, is an attack on neo-liberalism. There are several academic political philosophies currently in vogue: libertarianism (or its opposite): acute market intervention), classical … Continue reading

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Our debt problems

It is surely elementary that the collapse of the financial system in 2008 caused a huge downturn in private debt and that public debt was forced to get into the act to help prop up demand. If one combines the … Continue reading

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Recent trends in labour market

In December 2009, the official ABS Labour Price Index was running at about 3% per annum. This represents a continued trend decline in private sector wage rates (although less so for the public sector). Wage rates refect the subdued labour … Continue reading

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