The 2012-13 Queensland budget was the most anticipated policy announcement in several decades. The cut-backs in public sector employment previously forecast and cost saving measures announced in the early…
Yesterday the Federal Reserve announced limited measures to boost the economy. Whatever effect they will have on the economy, they are unlikely to be of any benefit to Obama. Indeed, history shows that…
Having read that the outcome of the Greek elections points to a continuation of the push for fiscal austerity in that country, my heart sunk. Then I see that our own Prime Minister has been quoted as telling…
To free the age from its captivity, To create a brand new world, The discordant, tangled days Must be linked, as with a flute. –Osip Mandelstam, The Age (1923) There is an air of impending disaster in…
The lingering commitment to austerity of leading Western politicians in the face of impending economic tragedy is beyond belief. The dismal science is a sobriquet often wrongly applied to economics, but…
Ten days ago, the political landscape in Europe changed profoundly. Greece voted in the main to elect parties from the far right and far left who are opposed to austerity, and France elected a socialist…
The answer, even though they see over and over again that austerity leads to collapse of the economy, the answer over and over [from politicians] is more austerity. – Joseph Stiglitz, Asian Financial Forum…
The seismic forces propelling the socialist contender to the Elysee Palace have been caustically dismissed by Bret Stephens, a prominent columnist for the Wall Street Journal, as the result of the conceited…