Tag: fuel prices

Squeezed between inflation and interest rates

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I just happened to be reading a novel set in the Edwardian era at the same time as the media was going bonkers (again) about the Reserve Bank raising interest rates by 0.25% to 3.6%. In Louis de Bernieres’s* book, The Dust That Falls from Dreams, one of the characters is holding forth about the sudden rise in the bank rate and subsequent collapse of the share market in 1914. Hamilton McCosh, a daring entrepreneur…

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Pork barrels and billboards ahoy

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You can tell there is an election looming when the government promises to reduce the price of beer – a classic example of ‘pork barrelling’. The move to halve the excise on draught beer would save beer drinkers 30 cents on the price of a schooner (a New South Wales term for three quarters of a pint of beer). Pork barrel, or simply pork, is a metaphor for the appropriation of government spending for localised…

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