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Tag Archives: The Guardian
Listen up, Scott Morrison. It’s time to bust the myth of the budget surplus – The Guardian
Originally published at The Guardian on Jan 6 2017. Warwick Smith A fetish of recent decades, budget surpluses lead to private sector debt and are unsustainable in the long term. The current obsession could lead us to recession. On Facebook, … Continue reading
The budget is the greatest moral challenge of our time? Bollocks
By Warwick Smith All the assertions in Malcolm Turnbull’s statement about the budget being a fundamental moral challenge are flawed. Let’s look at them one at a time This article was originally published in The Guardian. The prime minister, Malcolm … Continue reading
Posted in Australian politics, Economic theory
Tagged government budget, government debt, inequality, Malcolm Turnbull, The Guardian
1 Comment
Joe Hockey is beginning to understand not all taxes are created equal – The Guardian
By Warwick Smith Originally published at The Guardian. The treasurer’s endorsement of land tax in South Australia is an encouraging move away from his general opposition to taxation Joe Hockey recently said “I don’t like higher taxes; I am philosophically … Continue reading
Posted in Australian politics, housing affordability, Land tax, tax economics
Tagged land tax, tax to GDP ratio, taxation policy, The Guardian
1 Comment
A sustainable budget surplus is beyond the government’s control, as Joe Hockey has come to realise
Warwick Smith Originally published at The Guardian. Joe Hockey, the treasurer, now concedes he may not be able to deliver his promised budget surplus any time in the foreseeable future. This news is good for private savings because, when the … Continue reading
Posted in Australian politics, Economic theory
Tagged Economic policy, government budget, politics, The Guardian
2 Comments
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 deficit, Economic policy, Free market, government budget, The Australian, The Guardian
1 Comment
Political donations and the destruction of democratic scrutiny
This is an expanded version of an article originally published at The Guardian. By Warwick Smith Published by the Transnational Insitute. Abstract Many corporations donate to both sides of politics. One of the reasons they do this is to ensure … Continue reading
Guardian article on economic myths
Repeat after me: the Australian economy is not like a household budget By Warwick Smith Originally published at The Guardian. Our political and economic thinking has been warped by bad analogies to the point where we can’t see the real … Continue reading
To attack rather than build is now the norm, but the Coalition’s negative campaigning is backfiring
Attacking a policy simply because it is open to attack can result in painting yourself into an awkward policy corner First published in The Guardian Friday 7 November 2014 By Warwick Smith The Abbott led federal opposition in Australia was … Continue reading
Posted in Australian politics, democracy, Political philosophy
Tagged broadband, climate change, politics, The Guardian, Tony Abbott
1 Comment
His solutions are wrong, but it’s a good sign when even Rupert Murdoch is worried about inequality
It would be a mistake to dismiss Murdoch’s concerns about inequality as nothing more than self-interest. It’s a victory for advocates of regulated markets. By Warwick Smith First published at The Guardian, Tuesday 28 October 2014 16.00 AEST Rupert Murdoch … Continue reading
My latest at The Guardian questions the value of pursuing economic growth at all costs
Do we dare to question economic growth? We’ve all been so effectively sold the line that endless growth is essential to maintain and improve our quality of life. This couldn’t be further from the truth By Warwick Smith First published … Continue reading
Reconstructing Economics 