US and British arms industry companies and their little mentioned but crucial support cast of Taiwanese military, lawmakers and government official counterparts are opposed to China-Taiwan reunification, because the current situation acts as their ATM, generating billions of dollars in profit. The recent visit to China by former Taiwan President Ma Ying-jeou – the first Continue reading »
Economy
Since the global financial crisis there has been a fundamental change in the operation of the Australian economy. Since World War Two, the majority of the benefits of economic growth have flowed to the bottom 90 per cent of income earners. However, as shown in Figure 1, between 2009 and 2019 the top 10 per Continue reading »
In a recent article in The Conversation, Professors Stephen Duckett and Fiona McDonald and Ms Emma Campbell suggest “restrict[ing] Medicare access to GPs who agree to bulk bill all patients, while allowing those who don’t bulk bill to rely solely on out-of-pocket payments”. While there is much to commend this proposal, it is not without Continue reading »
US foreign policy is based on an inherent contradiction and fatal flaw. The aim of US foreign policy is a US-dominated world, in which the US writes the global trade and financial rules, controls advanced technologies, maintains militarily supremacy, and dominates all potential competitors. Unless US foreign policy is changed to recognise the need for Continue reading »
On his first day in the country, the president also visited Huawei and had meetings with executives from other companies.
The post Lula Criticizes the Hegemony of the Dollar During Visit to China appeared first on scheerpost.com.
The federal government needs to cut spending and raise taxes to rein in Australia’s structural budget deficit, according to a new Grattan Institute report. The pre-budget report, Back in black? A menu of measures to repair the budget, shows that Australia is on track for 25 years of deficits – teenagers who started high school Continue reading »
You may have read this week that Australia’s super tax breaks are excessively generous (“well beyond any plausible purpose”) and that their costs unsustainable. The claim came from a Grattan Institute report, Super savings. But is it realistic? The figures quoted – A$45 billion a year or 2% of GDP “and set to exceed the cost of the Continue reading »
Knowing can be a curse on a person’s life. I’d traded in a pack of lies for a pack of truth, and I didn’t know which one was heavier. Which …
The post Keynes’ wisdom still stands; “Anything we can actually do we can afford.” appeared first on The Gower Initiative for Modern Money Studies.
The term ‘jobseeker’ needs to be dropped – it is Orwellian in nature and has no place in a civil society. It’s fairly standard practice for economists especially of the Left to decry the RBA’s obsession with the nonsense that is the Non-Accelerating Inflationary Rate of Unemployment (NAIRU) – the theoretical concept in macroeconomics that Continue reading »
Sanctions on Russia are isomorphic to a strict policy of trade protection, industrial policy, and capital controls.
The post The Effect of Sanctions on Russia: A Skeptical View appeared first on scheerpost.com.