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Chalmers is more in touch with the economy than the RBA

September 4, 2024 - 14:16 -- Admin

In today’s AFR. It’s paywalled and I don’t have access (I’ve been promised a PDF) so here’s what I submitted, which may not be final.

Six months ago, Federal Treasurer Jim Chalmers was planning legislation to remove his own power (never used, but always available until now) to over-ride decisions of the Reserve Bank. Now, he has not only decided to retain this power, but has openly criticised the Bank’s interest rate decisions as “smashing the economy”.

Academic nepo babies

September 2, 2024 - 08:20 -- Admin

This study showing that US academic faculty members are 25 times more likely than Americans in general to have a parent with a PhD or Masters degree has attracted a lot of attention, and comments suggesting that this is unusual and unsatisfactory. But is it? For various reasons, I’ve interacted quite a bit with farmers, and most of them come from farm families.

Australians should be angry about Coles’ latest billion-dollar profit. But don’t blame the cost of living

September 2, 2024 - 05:04 -- Admin

The latest massive $1.1bn profit reported by Coles will doubtless produce a new round of hand-wringing about the “cost of living”. Governments will produce initiatives aimed at capping or reducing prices. Pundits will use a variety of measures to argue as to whether such measures are inflationary.

The Chairman’s Lounge view of the airline industry

August 3, 2024 - 15:12 -- Admin

An edited version of this ran in The Guardian under the headline “Why aren’t the likes of Rex and Bonza flying high in Australian skies? Ask the politicians”. Here’s my original, a bit more sharply worded.

Politicians fly a lot, and mostly enjoy it. So do many of the people they interact with on a daily basis: senior public servants, business leaders, lobbyists and so on. That’s a crucial fact in understanding the mess that is the Australian airline industry. 

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