When the economy is slowing governments can stimulate economic activity by spending more money, thereby increasing the level of demand for goods and services. The Commonwealth Government could start injecting tens of millions of dollars into the economy each week simply by increasing the size of a payment such as the age pension.
Government and Accountability
Calls for the introduction of accelerated depreciation provisions for investment in clean energy. Because the price of this equipment is likely to fall sharply in the coming years, firms which invest today will experience 'first mover disadvantage'.
Describes the rise of character provisions in Commonwealth laws over the last 10 years. The use of character testing has increased in traditional areas, such as migration and citizenship, and has moved into new areas of law, such as the employment of persons in critical industries and criminal law.
Highlights how the Australian Government has increasingly been making judgments about the character of individuals in migration and other areas over the last decade.
Why we measure stock market performance daily, but don't measure what really counts.
The record profits of Australia's big banks despite the 'crisis'.
The real reasons behind Australia's doctor shortage.
The Government's review of Australia's tax system: are we paying enough?
Richard Denniss explains how an emissions trading scheme works; Josh Fear looks at financial choices; Gemma Edgar explores the possibility of a national compact between the government and NGOs and David Richardson writes about the problems of hidden unemployment.
The emission trading scheme will provide compensation for the price rise for final users. However such policies do not apply to state governments, local governments, the community sector, and the federal government. In total the ETS would cost these public sectors $3.5b annually.
The Carbon Pollution Reduction Scheme (CPRS) places a $20 per tonne of CO2 price on carbon pollution. While the government advocates schemes to help businesses pay this increase, no such scheme has been passed onto the states and territories. The states and territories would pay a projected $1.5b, or 15,000 teaching, policing and nursing jobs. This should be addressed by the federal government.
We need the TGA, and other government regulatory bodies, to keep their teeth. We also need them to behave respectably and transparently. The TGA must now come clean about what went on behind the scenes in the Pan case if it has a chance of regaining authority.
Under John Howard, the Liberal Party was able to walk both sides of the philosophical street. On "economic" issues they were opposed to government interference in the individual's "right to choose", but on "social" issues the Liberals seemed comfortable with the idea that government knew best. The real issues, though, such as whether people should be able to sell their kidneys and whether we should tax alcohol or ban poker machines, will never go away. They are moral issues that might have been concealed by a fake debate about governments versus markets, but they have never been resolved.