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Created
Thu, 04/06/2026 - 16:43
On May 19, 2026, Oxfam Australia’s media release – Australian billionaires’ wealth grows by $50,000 per minute – informed us of the growing inequality in Australia, a country that promotes a ‘legend’ that egalitarianism is at its core. I will discuss their research in detail at another time but the results are stunning. In a…
Created
Wed, 03/06/2026 - 14:42
Today (June 3, 2026), the Australian Bureau of Statistics (ABS) released the latest – Australian National Accounts: National Income, Expenditure and Product, March 2026. This data does not really capture the full impact on the Middle East disruptions nor do they capture any interest rate impacts arising from the recent hikes in rates from the…
Created
Mon, 01/06/2026 - 17:00
I have said this many times – monetary policy is not fit for purpose and central banks should be prevented from having discretionary powers to alter rates at will. There are two levels of justification for that assertion. First, at the ideological level, a major (dominant under neoliberalism) arm of macroeconomic policy should not be…