Australia’s most over-analysed Budget

We’d been out to dinner on Budget night, so turning on the TV later, I caught the last comment from Lee Sales: “That completes our first hour of this special Budget coverage.” Budget analysis is a challenging topic for extended television viewing. The ABC borrowed David Speers from Insiders (wearing a blue suit and maroon socks), who took over to talk to a bank of television sets, splitting this up with breath-taking interludes (“Crossing now…

Continue reading

It’s a Nation, Not Just an Economy

It’s traditional to write about economics and economists at this time of year, the end of the financial year in most jurisdictions. Publishers like to ask economists to offer their predictions for the year. The cruel editors then go back a year later and mark their score cards. Forecasts are all very well in ‘normal’ times, but few had forecast a deadly global pandemic that (so far) would infect 10.5 million people and kill 511,000….

Continue reading