Another Major Disservice in the Quest for an Enlightened Society
The article dismantles the alarmist narrative around Australia’s approaching $1 trillion debt milestone, arguing that sovereign debt works differently from household finance. It explains that the government issues its own currency, can credit accounts directly, and is not forced to raise taxes to service debt. The piece also highlights the central bank’s ability to buy bonds, rendering interest costs largely a policy choice rather than a fiscal constraint. Ultimately, it critiques media and academic commentary for misrepresenting these mechanics and stoking public anxiety.
RBA Rate Hikes – Ideology Triumphing over Evidence and Reason
On May 5, 2026 the Reserve Bank of Australia raised its cash rate for the third time this year, citing “capacity pressures” and rising inflation expectations. The move came as Australia’s March CPI rose 1.1%, driven almost entirely by higher transport fuel...
Australian Labour Market – Largely Stable but Dark Clouds Present
The Australian Bureau of Statistics reported that March 2026 saw modest employment growth of 17,900 jobs, driven primarily by a 52,500‑person rise in full‑time positions while part‑time work fell by 34,600. The unemployment rate held steady at 4.3 % as the participation...