Tag Archives: deficit

Path to budget surplus built on shifting foundations – The Conversation

Warwick Smith, University of Melbourne In the lead up to tonight’s federal budget treasurer Joe Hockey and prime minister Tony Abbott backed away from the strong rhetoric of deficit and debt emergencies that accompanied last year’s budget. However, they have … Continue reading

Posted in Australian politics, political economy | Tagged , , , , | Leave a comment

Op-ed in The Australian that attacks my guardian article is incoherent

The below op-ed was published in last week’s Australian. It is critical of my piece in The Guardian the week before. I contemplated publishing a reply but after reading the piece properly there’s actually very little substance to reply to. … Continue reading

Posted in Economic theory, Op-ed, philosophy of economics | Tagged , , , , , | 1 Comment

Why the federal budget is not like a household budget – The Conversation

By Warwick Smith, University of Melbourne Treasurer Joe Hockey is experiencing difficult times. Deteriorating terms of trade and an uncooperative senate mean that he cannot deliver the surplus when he said he would and he cannot continue to cut government … Continue reading

Posted in Australian politics, Economic theory, Modern Monetary Theory | Tagged , , , , , | 5 Comments