If Albanese’s lost his bottle, he should retire

Under the leadership of Anthony Albanese, Labor has lost its reforming zeal. It knows we have plenty of problems, and would like to do something about them, but not yet.

The Sydney Morning Herald

As house prices continue to climb, so does the media’s hypocrisy. Outlets like Nine, which employs Ross Gittins, have a vested interest in rising property values through their ownership of Domain. This explains the lack of sustained pressure on any government to address the issue. Instead, we’re subjected to a constant stream of hollow complaints, while journalists collect their pay without confronting the real problem.

#houseprices #mediahypocrisy #vestedinterests #rossgittins #domain #realestatebubble #propertymarket #journalism #australianmedia

https://www.macrobusiness.com.au/2024/09/unending-housing-crisis-is-thanks-to-ross-gittins/?utm_medium=email&utm_campaign=Daily%20MacroBusiness%20-%20Feed&utm_content=Daily%20MacroBusiness%20-%20Feed+CID_7d251f1d6a2942c5af3c4e68dcc43495&utm_source=Email%20marketing%20software&utm_term=Unending%20housing%20crisis%20is%20thanks%20to%20Ross%20Gittins

Unending housing crisis is thanks to Ross Gittins

The only chart that matters in the endless housing debate is the following: As house prices rise, the media’s hypocrisy rises with it. The media, and especially Nine, employer of Ross Gittins, has a vested interest in house prices via its ownership of Domain. That is why there is no concerted pressure placed upon any

MacroBusiness

Reflections from a long-time observer.

Theory - ie the assumptions that underpin our concepts, & the models we build with them - is important! The conditions in which econocrats practice have allowed #neoliberal #orthodoxies to become unquestioned, based in faith & impervious to evidence, creating a lucrative vehicle for ongoing plunder of government funds.

Time for evidence based #EconomicPolicy, please. #RossGittins tells how.

https://insidestory.org.au/confessions-of-an-econocrat-watcher/

Confessions of an econocrat-watcher • Ross Gittins

There’s nothing wrong with hindsight if you want to separate good thinking from bad

Inside Story
"The lowest-paid quarter of workers, dependent on award wage minimums, get their rises determined annually by the Fair Work Commission – but these are granted in retrospect, not prospect. This July, a handful of them got a rise of 5.2 per cent, but most got 4.6 per cent."
** Excellent analysis by #RossGittins
https://www.smh.com.au/business/the-economy/hey-rba-boomer-things-have-changed-a-lot-since-the-1970s-20221218-p5c78m.html
🧵
Hey RBA boomer, things have changed a lot since the 1970s

Reserve Bank governor Dr Philip Lowe’s crusade to save us all from a wage-price spiral is like Don Quixote tilting at windmills only he can see.

The Sydney Morning Herald