The average price of US goods and services surged in April, leading some to worry the economy is beginning to experience dangerously high levels of inflation. A scholar explains why that’s unlikely.
To understand an economic reality where growth is increasingly more qualitative than quantitative and where environmental constraints need a careful understanding, economics needs a major overhaul.
The extra 24 cents per day can buy an extra 36 peanuts per day, more if you buy in bulk.
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Peter Martin, Crawford School of Public Policy, Australian National University
Newstart increases are projected to get smaller and smaller relative to pension increases. By the end of the century Newstart will be just two fifths of the pension.
Britain is still split over Brexit.
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A growing number of investors, policymakers and others say the US economy may be at risk of spiraling downward. A finance professor explains how to ride it out.
Cap is probably not a fan of inflation.
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The Fed is in a tricky position as it signals it may soon cut interest rates to boost the economy, which also risks spurring runaway inflation and even an economic downturn.
A weaker domestic economy could limit Trump’s options.
AP Photo/Andrew Harnik
It it wasn’t for a surge in government spending economic growth would be extraordinarily weak. As it is, it’s the weakest since the global financial crisis.
On the first Tuesday of every month but one the Reserve Bank has to make a decision. This time the inflation rate is zero.
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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.
Supporters outside the offices of the Fair Work Commission in Melbourne on Friday, June 1, 2018 after it lifted the minimum wage by 3.5%
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Granting low-wage workers a “living wage” instead of a minimum wage is far from costless, and there are much better ways of helping people genuinely in need.
Lifters versus leaners is the language of the past. We are likely to see it less.
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