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Tag Archives: usa
Fiscal Stimulus with Fabrizio Carmignani – my latest Economics Explored podcast episode
Fiscal stimulus is very topical worldwide, with the new US President Joe Biden proposing a US$1.9 trillion COVID relief and stimulus package. And, in Australia, there is a debate occurring over how to support the tourism sector once JobKeeper finishes … Continue reading
Posted in Budget, Macroeconomy
Tagged australia, cashhandouts, debt, debttogdp, deficits, fiscalpolicy, fiscalstimulus, inflation, jobkeeper, macroeconomicpolicy, macroeconomics, mmt, modernmonetarytheory, multiplier, ruddmoney, stimulus, surpluses, usa
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Thoughts after first full day of Brisbane lockdown
Twenty-seven hours into it, I’m still doubtful about the wisdom of the Greater Brisbane lockdown, especially on a day when no new COVID community transmission cases were announced, and on a day when, bizarrely, our Premier appeared to celebrate her … Continue reading
Posted in Brisbane, Queensland Government
Tagged brisbane, coronavirus, covid, felons, greaterbrisbanelockdown, lockdown2.0, precautionaryprinciple, qldgovernment, uk, usa
12 Comments
Cannabis Industry to Light Up – guest post by Stephen Thornton
The win by the US Democratic Party of two federal senate seats representing the state of Georgia creates a situation whereby the Republican Party will lose their majority in the Upper House. Given the Democrats control the House of Representatives, … Continue reading
COVID compared with wartime economic impacts – my latest podcast episode
The latest episode of my Economics Explored podcast features a conversation on whether COVID can be compared to wartime. The episode considers the different scales and scopes of the shocks, and what it all means for prospects for economic recovery. In … Continue reading
Posted in Labour market, Macroeconomy
Tagged australia, bankofengland, coronavirus, covid, covid-19, debt, fed, gdp, money, production, rba, stimulus, unemployment, usa, wartime, worldwar2, ww2
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Regulating Big Tech – my latest podcast episode
It’s been a challenging year 2020, but one positive development is that regulators in the US and Australia have started challenging the Big Tech companies Google and Facebook over alleged misuses of market power. The US Department of Justice is … Continue reading
Posted in Competition policy
Tagged alibaba, antitrust, australia, bigtech, competition, creativedestruction, facebook, google, marketpower, Media, section230, surveillancecapitalism, twitter, usa
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Michael Knox on Quantitative Easing as a long-term strategy
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
Posted in Macroeconomy
Tagged australia, fed, fiscalpolicy, inflation, macroeconomicpolicy, monetarypolicy, qe, quantitativeeasing, rba, reservebank, usa
1 Comment
Thoughts on the New Normal – latest podcast episode
Regarding a new normal in a post-COVID world, in the June 2020 issue of Monocle magazine, the Editor Tyler Brule wrote: We don’t want a heavy handed ‘new normal.’ We want people to act responsibly but we also want families, … Continue reading
Posted in Health, IR, Labour market, Macroeconomy, Retail trade, Tourism, Transport
Tagged australia, bikes, coronavirus, covid-19, freelancing, gigeconomy, monocle, newnormal, podcasting, publictransport, sweden, uber, upwork, usa, wfh, workingfromhome, worklifebalance, youtubing
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The Deficit Myth and Modern Monetary Theory – latest podcast episode
I’ve recorded some thoughts on Stephanie Kelton’s best-selling book The Deficit Myth which is popularising so-called Modern Monetary Theory: The Deficit Myth and Modern Monetary Theory – initial views In my recorded conversation with my Adept Economics colleague Ben Scott, … Continue reading
Posted in Budget, Macroeconomy
Tagged australia, balancesheet, banks, bonds, centralbank, crowdingout, debt, deficits, economics, economy, fed, fiatmoney, inflation, mmt, modernmonetarytheory, money, qe, quantitativeeasing, rba, unemployment, usa
2 Comments
Catch up on COVID-19 with Joe Branigan
I fear that the draconian stage 4 restrictions in Victoria and Queensland’s re-imposition of the hard border with NSW are over-the-top, disproportionate policy responses that will cause unwarranted economic and social harm, both short and long-term. Earlier today, I chatted … Continue reading
Posted in Macroeconomy, Queensland Government, Tourism
Tagged australia, coronavirus, covid-19, economics, economy, employment, jobs, qld, queensland, sweden, uk, usa, victoria, work
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Economic Update – US GDP, Gold, and Aussie jobs & CPI
In my latest video, I review the economic news of the past week, including US GDP, the record high gold price, and Australian jobs and CPI data in this time of the COVID-19 second wave. Incidentally, I highly recommended you … Continue reading
Posted in Macroeconomy, Uncategorized
Tagged abs, australia, cpi, economy, gdp, gold, jobs, qld, queensland, unemployment, usa
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Queensland Economy Watch 