Firms should attempt to maximise profits, but if shareholders want it, there’s no reason why they can’t have other goals.
Most recessions are caused by an overreaction to too much inflation. This one is because we are not spending.
The Reserve Bank of Australia says it’s prepared to ease monetary policy further if needed to stimulate the economy. But is the policy working when interests rates are so low?
Other measures might raise as much as her proposed wealth tax, but Democratic front-runner Elizabeth Warren likes big gestures.
The government can help boost business investment, but it would take a boost in government investment and would keep the budget in deficit.
Inflation has barely been within the Governor Philip Lowe’s target band his entire time in office. Zero inflation means he should cut now, before the election.
The treasurer says 2018 was a year of two halves, but there were signs of a downturn well before mid year.
There are limits on how much governments can spend without earning, although increasingly politicians are behaving as if there are not.
Rates might need to be cut urgently, and because things are good. Governor Lowe has signalled he won’t wait.
Prices are off, but from unprecedented highs. It could be a one-time adjustment.
Floating the dollar 35 years ago was a leap into the unknown. Here’s how it has served us well.
The best time to shut down negative gearing is when few people are taking it up. That time is now.
Hardly anyone believes that prices are really increasing by only 1.9% per year. The fault lies with us, and also the way the Bureau of Statistics adjusts prices for ‘quality’.
We should ignore out-of-date and failed theories and test what full employment really means in 2018.
The Reserve Bank is worried that a further tightening of lending standards could take the air out of the housing bubble quickly. Here’s how.
It is thought that it doesn’t help much to cut official interest rates toward or beyond zero, and maybe it doesn’t, but new research suggests the answer has a lot to do with the housing market.
The mere possibility of online competition is restraining prices offline.
It is contagious populist ideology more than financial contagion that should scare us right now.
The new RBA monetary statement is just like the old one.
US quarterly GDP is at its highest point since 2014, but it’s unlikely to last for a number of reasons.