Overwhelmingly, Australia’s top economists would rather the budget funds measures to cut carbon emissions than cuts income tax or company tax.
They are also dead against rumoured cuts to petrol tax and the tax on beer.
The biggest question relating to the management of the economy right now has nothing to do with next week’s budget. It has everything to do with the Reserve Bank and the board meetings that will follow it.
The West is arraying financial weapons never deployed before against a country of Russia’s size, forsaking some of the principles that have defined it.
Wes Mountain/The Conversation, CC BY-ND
If you told someone a year ago unemployment was about to dive below 5%, to just above 4%, they wouldn’t have believed you.
Sometimes the best things you can do are invisible.
Such as fighting cholera by ensuring drinking water wasn’t contaminated by sewage, as happened in London in the 1840s.
What’s the boldest thing the Morrison government could do in next month’s budget?
It would be to forecast an unemployment rate below 4% (a rate of three-point-something), then to pledge to go further, to two-point-something.
