Australia’s large construction industry is fully employed. Solving our housing affordability crisis must include reducing excessive demand.
The RBA Board needs renewal and greater independence
Recent events highlight the necessity of greater economic and financial markets expertise amongst Board members, as well as a reduction in the ability of government to override RBA decisions.
Submission to the Productivity Commission Review of Philanthropy
The draft report’s aims of making the system simpler, fairer and consistent are laudable. However, the report itself is inconsistent in parts leading to several flawed conclusions.
Submission to the Covid 19 Response Inquiry
The disastrous overreaction to Covid 19 by Australian Governments will leave Australia worse off on health and economic grounds for decades to come
Submission to the National Housing and Homelessness Plan
Australia’s construction industry cannot supply the housing and infrastructure necessitated by extraordinarily high levels of migration.
Reflections ahead of Philip Lowe’s last speech
Arguably the most significant lesson is that future Governors should intervene with monetary policy far less than he did
The RBA’s mistake was cutting the Cash Rate
By cutting too far the RBA helped create high inflation. Normalising interest rates is the economically prudent response.
Submission to the review of the Reserve Bank of Australia
The RBA’s errors stem from a lack of diversity in economic analysis, with its often contradictory aims setting it up to fail.
The rent is too darn high
The rapid decline in residential properties available for rent points to a greater proportion of low income Australians becoming homeless
Do rate rises cause recessions?
Governments and economists might finally be realising that excessive stimulus creates and exacerbates recessions
The cyclicality of capital allocation
With long term bond yields rising, investors are likely to allocate their capital very differently than they did in the last few years
A bear market without a recession?
The prospect of a recession normally accompanies a slump in asset prices, but the current starting point and trigger are somewhat different from historical examples