Category Archives: Economy

Frydenberg signals intention to rely on old fallacies instead of a proper plan for the economy

By Ugly and Joe Montero

Yesterday, Treasurer Josh Frydenberg set the scene for a massive cut in government spending. The cornerstone of his presentation was the deficit blowout of $184 billion. The essence is that the money must come from somewhere. Continue reading Frydenberg signals intention to rely on old fallacies instead of a proper plan for the economy

Bushfires and the Corona virus have put Australia’s systemically failing economy in an even worse position

By Joe Montero

So Treasurer Josh Frydenberg has confirmed Australia is in the midst of its first recession in 29 years. There can be no denying that this has been a bad year. But seriously, the 29 year bit implies that everything was alright before then. It wasn’t. Continue reading Bushfires and the Corona virus have put Australia’s systemically failing economy in an even worse position

Leaks show government moving to pull help from workers and small business

By Ben Wilson

There is a push form the government to end support for for people who have suffered loss of wages and struggling small business, as soon as possible. Leaks filtering out suggest there has been behind closed doors discussion with big business organisations about this. Continue reading Leaks show government moving to pull help from workers and small business