Archive

Biden’s new China tariffs are driven by politics, not economics or national security. But protectionism tends to beget more protectionism, risking trade wars that could cause significant damage to the global economy.

The federal government wants to create a big new database to protect us from ourselves; who would an autonomous vehicle choose to save, a pedestrian or its passengers; a tale of two central banks; and the UK election in one chart (it’s not looking good for Rishi).

Real wages in Australia have stagnated because the pandemic made us all poorer; a lack of wage growth just reflects that reality. If we push wages further above productivity, we risk disemployment, a wage-price spiral, and even a painful recession.

Peter Dutton claims cutting migration will free up over 100,000 homes and fix Australia’s housing crisis. But his numbers don’t add up and the impact will likely be minimal. Dutton’s playing to anti-migration sentiment rather than addressing the real policy drivers behind unaffordable housing.

Biden’s tariffs are a glimpse into our Future Made in Australia; the Americans are an innovative bunch (no wonder they’re so productive); who benefits from the welfare state; the post-pandemic war on prices; and how the Jevons Paradox is shaping artificial intelligence.