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Go back to the headlines in 2010 – – “Countries with debt over 90 percent of GDP enter a danger zone”. The 90 per cent threshold entered the media coverage as a result of a paper released by Harvard economists Ken Rogoff and Carmen Reinhart – Growth in a Time of Debt. That paper talked…

Today is a public holiday in the parts of Australia that I live and I have travel commitments. So I’ll be back on Thursday. What is this holiday about? Yes, it is deeply embarrassing but today is the King’s Birthday holiday in Australia that is meant to celebrate our glorious head of state, given that…

On May 19, 2026, Oxfam Australia’s media release – Australian billionaires’ wealth grows by $50,000 per minute – informed us of the growing inequality in Australia, a country that promotes a ‘legend’ that egalitarianism is at its core. I will discuss their research in detail at another time but the results are stunning. In a…

Today (June 3, 2026), the Australian Bureau of Statistics (ABS) released the latest – Australian National Accounts: National Income, Expenditure and Product, March 2026. This data does not really capture the full impact on the Middle East disruptions nor do they capture any interest rate impacts arising from the recent hikes in rates from the…

I have said this many times – monetary policy is not fit for purpose and central banks should be prevented from having discretionary powers to alter rates at will. There are two levels of justification for that assertion. First, at the ideological level, a major (dominant under neoliberalism) arm of macroeconomic policy should not be…