Turning the economic tide: could a radical monetary theory fix Australia’s woes?

Bill Mitchell, the leading Australian proponent of modern monetary theory, argues that governments should abandon their obsession with budget surplusesAnother week and another glut of evidence that the Australian economy is flatlining. Growth figures s…

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We asked 13 economists how to fix things. All back the RBA governor over the treasurer | Peter Martin for the Conversation

All say stimulus is needed and the central bank can’t do it alone. And almost all think a surplus can waitThirteen leading economists have declared their hands in the standoff between the government and the governor of the Reserve Bank over the best wa…

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Consumer groups urge Coalition to crack down on dodgy payday lenders

Ongoing delays prompt warning that predatory behaviour continues to force the vulnerable into debt spiralThe Coalition insists it is progressing new laws to crack down on dodgy payday lenders as consumer advocacy groups warn ongoing delays will see mor…

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Australian GDP figures: economic fundamentals are strong says Frydenberg – business live

After data shows the economy growing at its slowest rate since 2009, the treasurer says Australia is ‘resilient’. Follow all the reaction and developments live 6.47am BST For an in-depth examination of the GDP numbers, look no further than this column…

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No surprise, but shocking: there’s no other way to spin Australia’s GDP | Greg Jericho

If you take away government spending, the economy would have shrunk in the June quarter. So much for ‘remarkable resilience’Today the government has been madly attempting to spin the GDP figures as good. So let’s cut straight to the point – the figures…

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When it comes to coal, Australia has transitioned away from economics and common sense | Richard Denniss

Our political leaders have switched from pretending they can’t hear the Pacific to pretending they don’t understand themAustralia isn’t transitioning away from extracting fossil fuels, it is doubling down on them. That’s right – even though Australia i…

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The no-growth future: has Australia’s economy finally run out of luck?

The expectation, based on the past, that we should get richer and richer may have reached its use-by dateWages are stagnant. Wealth is falling. House prices are down. Consumers aren’t spending. Businesses aren’t investing. Interest rates are at record …

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