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Ministers Lim Hng Kiang, David Parker, J. Jayasiri, François-Philippe Champagne, Steven Ciobo, Heraldo Muñoz Valenzuela, Dato Pehin, Toshimitsu Motegi, Ildefonso Guajardo, Eduardo Ferreyros and Tran Tuan Anh at the signing of TPP-11 in Santiago, Chile, March 8 2018. Mario Ruiz/EPA

The Senate is set to approve it, but what exactly is the Trans Pacific Partnership?

Labor says it will wave through the 11-nation Trans Pacific Partnership deal, then amend it in government. That won't be easy.
The trade deficit, and how much a country exports or imports, is only part of the story. AP Photo/Reed Saxon

Why trade deficits aren’t so bad

Americans seem to believe trade deficits are a bad thing, partly because of arguments suggesting they mean the US is 'losing.' An economist explains why that's rubbish.
The financial system is awash with money, which is why interest rates have been so low for so long. (Shutterstock)

How banks have set a trap for the U.S. Fed by creating money

It's been 10 years since the U.S. signed into law a scheme to print money, essentially, and save the financial sector amid the sub-prime mortgage meltdown. Did it work? And who's truly benefitted?
Tariffs may help certain industries, but their broader impact on middle- and lower-income consumers is generally harmful. Reuters/Lawrence Bryant

How Trump’s trade war affects working-class Americans

The president says he's fighting his trade war because a generation of free trade has failed working-class Americans. An economist explains why tariffs will only make things worse.
Aggregate demand is being hit by the concentration of income growth among the top earners and is now a drag on economic growth. Shutterstock

How rising inequality is stalling economies by crippling demand

News that Australian CEO pay has soared to a 17-year high at a time when ordinary workers' wages are flatlining is ultimately bad news for economic growth and prosperity.

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