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Modern monetary theorists aren’t concerned with budget repair. Joel Carrett/AAP

Explainer: what is modern monetary theory?

Modern monetary theory is gaining traction in a global economic environment that defies the efforts of policymakers to restore growth.
MYEFO is more positive about the 2016-17 budget bottom line than previous expectations. However, projections over the forward estimates have worsened. Lukas Coch/AAP

2016-17 MYEFO experts’ response: more of the same is not good enough

While MYEFO discussion focuses on the budget deficit, experts say it also serves as a stark reminder of the need for bigger policy ideas in Canberra.
Of 1082 Indigenous specific. programs identified in the report, 92% have never been evaluated to see if they are achieving their objectives. AAP/Dan Peled

How to get a better bang for the taxpayers’ buck in all sectors, not only Indigenous programs

A new report highlights how little we know about what works and what doesn't when it comes to publicly-funded Indigenous programs. It's a similar story in other policy areas – but we can do better.
We might be ambivalent about taxation because it challenges our sense of ourselves as individuals – and we may not trust governments to spend it properly. Shutterstock

The politics of taxation – or how to convince people to part with their money

Many of us are happy for governments to increase spending on public services, but we don't like the idea of higher taxes. There are some good reasons for this.
Treasurer Joe Hockey is expected to report this month that the budget balance is deteriorating in his mid-year economic and fiscal outlook. Alan Porritt/AAP

Australia needs higher taxes, not spending cuts

The federal budget balance is expected to deteriorate. The reasons are numerous but, in a lengthy statement, the government sums it up in terms of two key factors. These are: the softer economic outlook…

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