Oz Blog News Commentary

Articles from Peter Martin

GDP is like a heart rate monitor: it tells us about life, but not our lives

December 1, 2021 - 17:01 -- Admin

How much cash would you need to be paid to agree to live without a smartphone for a year?

If you are like the typical American, the answer is US$10,000 – which is far, far more than what we are actually charged for having and using smartphones.

How much would you need to be paid to live without a computer?

‘Can-do capitalism’ is delivering less than it used to: 3 reasons why

November 24, 2021 - 16:57 -- Admin

The good news is supposed to be that when the government gets out of the way “can-do capitalism” will have us roaring back to where we were before.

That’s the prime minister’s newest slogan, and we had better hope for more.

The unpleasant truth is that before the pandemic Australia’s economy was disturbingly and unusually weak. Can-do capitalism wasn’t doing what it should.

The embarrassingly easy way to cut the cost of electric cars

November 17, 2021 - 16:52 -- Admin

Prime Minister Scott Morrison says he wants to keep prices down.

Without his party in power, “you’re going to see petrol prices go up, you’re going to see electricity prices go up”.

There’s something practical he can do straight away to stop prices from rising.

Apart from a home, a car is the most important purchase most Australians make.

Top economists see no prolonged inflation, no rate hike next year

November 15, 2021 - 16:48 -- Admin

Despite appearances – especially in the United States – the era of high inflation isn’t set for a comeback in the view of Australia’s leading economists, and most see no need for the Reserve Bank to lift interest rates next year.

In the US, figures released last week showed the consumer price index surged 6.2% in the year to October, the most since 1990. So-called “core” inflation (which excludes volatile prices) climbed 4.6%, also the most for 30 years.

How government modelling found net-zero would leave us better off

November 12, 2021 - 16:45 -- Admin

The government’s decision to target net-zero emissions by 2050 will leave each Australian nearly A$2,000 better off by then compared to no Australian action.

That’s what we were told in a six-point summary of the government’s economic modelling released at a press conference on Thursday October 26, days before the prime minister left for the Glasgow climate talks.