Monthly Archives: October 2020

Corporate Governance podcast chat with Stephen Howell from Effective Governance

Posted on October 15, 2020 by Gene Tunny

In my latest Economics Explored podcast episode, I speak with Stephen Howell, Principal Advisor of Effective Governance, part of the Hopgood Ganim Advisory Group, regarding the importance of good corporate governance to a well-functioning economy. One of the leading textbooks … Continue reading →

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Qld Treasurer trying to have it both ways on budget outlook

Posted on October 15, 2020 by Gene Tunny

Queensland Treasurer Cameron Dick is trying to have it both ways regarding Queensland’s budget outlook. He is arguing the Opposition’s target of a budget surplus by 2023-24 is unattainable, but he has previously argued the budget outlook is so uncertain … Continue reading →

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Election campaign debate needed on border and other restrictions

Posted on October 13, 2020 by Gene Tunny

The family of a well-known Brisbane businessman has cancelled a Halloween/election night party because there is still a limit on gatherings to 30 people in private residences (see the healthdirect website). Is it still necessary to have this restriction in … Continue reading →

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Campaigning pollies recognise importance of resources sector to Qld economy

Posted on October 10, 2020 by Gene Tunny

The Guardian Australia’s Queensland correspondent Ben Smee has a nice summary of our Premier’s first week of election campaigning in his article on the Queensland paradox, whereby politicians have to appeal to voters in both Townsville and Toowong: The premier, … Continue reading →

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Michael Knox on Quantitative Easing as a long-term strategy

Posted on October 8, 2020 by Gene Tunny

Australia’s money supply has surged over the year as the RBA has undertaken Quantitative Easing (QE), electronically printing new money to buy Australian and state government bonds and to lend to the banks (see the chart of M3, a measure … Continue reading →

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Frydenberg’s won’t-die-wondering Budget

Posted on October 6, 2020 by Gene Tunny

Treasurer Josh Frydenberg delivered a strong speech tonight in handing down what I’d label as his won’t-die-wondering budget, or possibly as the Nixon-goes-to-China budget, a federal budget with an expected current financial year deficit of $214 billion and projected total … Continue reading →

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Regulations rushed through in Qld, as revealed by QPC Annual Report 2019-20

Posted on October 3, 2020 by Gene Tunny

The Queensland Productivity Commission’s 2019-20 Annual Report has revealed a huge increase in the number of state government regulatory changes which have been excluded from the rigour of the normal regulatory assessment process (see chart below, which is based on … Continue reading →

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The Precautionary Principle and COVID-19 – podcast conversation with Joe Branigan

Posted on October 1, 2020 by Gene Tunny

The Precautionary Principle, which recommends an extreme “safety first” approach, is being used to justify the closure of state borders in Australia to deal with COVID-19. For instance, Justice Rangiah explicitly referred to a “precautionary approach” in his decision against … Continue reading →

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