Tageconomics

Some Things, Like Greed and Self Interest, Never Change.

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The Commission of Audit report released yesterday proves one thing: you can always trust the rich and powerful to defend their own interests at the expense of the disadvantaged and vulnerable. If the report’s recommendations are followed, which thankfully most of them won’t be, the minimum wage would be reduced from $622.20  to $488.87 and a single pensioner getting by on $421 per...

No Tony, economic growth is not the answer to everything

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In his speech to the World Economic Forum  last week, Australian Prime Minister Tony Abbot made this incredible statement: As always, stronger economic growth is the key to addressing almost every global problem. It summed up the direction of the speech, which was a plea for small government and freer markets. But if the two greatest global problems of our time are extreme poverty and...

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