The Economy, Stupid

Kevin Fox, head of the UNSW Centre for Applied Economic Research, and Amy Oster, former Treasury economist and head of Policy Institute Australia, discuss the nuances behind the rising official inflation rate. They explore how perceptions of inflation can differ from reality due to frequently purchased items feeling more impactful. Kevin explains the complexities of the Consumer Price Index (CPI) and the recent integration of scanner data to improve accuracy. They also highlight the importance of rough price shifts since COVID and the need for ongoing adjustments in economic measures.

Justin Wolfers, an economist and public policy professor, discusses Australia’s economic success, attributing high living standards to strong institutions. He contrasts Australia's inclusive institutions with Argentina's extractive ones. Nikki Hutley, a macroeconomist and Climate Council councillor, highlights issues of inequality and climate inaction. Both guests emphasize the need to defend these institutions and advocate for a cooperative mindset over zero-sum thinking. Despite challenges, they express hope for Australia's future and the potential to export its model.

Hidden debts, coercive control — and why the tax system can punish people most in need of help.

The rich keep getting richer while millions are falling behind. What future awaits us all?

Most Australians die with more money than they retired with. Are we squirrelling away too much into super — and if so, who benefits?

Every Australian generation has expected to be more prosperous, healthier and safer than the last. But the latest national wellbeing data tells a more complicated story.

In this discussion, Anna Scarbeck, Chief Executive of ClimateWorks, and Michael Yander, ABC Business Editor, delve into Australia's ambitious 2035 climate target. They debate the balance between political caution and scientific ambition, exploring the economic implications of meeting these goals. The conversation highlights various policy options, including carbon pricing and sector plans, while assessing the urgency of action in light of potential economic risks. Their insights reveal whether this target is a strategic move or a missed opportunity.

Amelia Terzon, an ABC National business reporter, and Felicity Dean, a trade law expert from the Queensland University of Technology, dive into the impacts of new U.S. trade barriers on Australian businesses. They discuss how rising tariffs are squeezing small retailers and complicating shipping regulations. The conversation shifts to the legal battles surrounding these tariffs and their potential consequences on the separation of powers. The urgency of navigating chaotic grant applications and future Supreme Court decisions adds to the pressing stakes for international trade.

Australia's GDP is climbing, but is that making life better for everyday citizens? The podcast digs into the gap between economic metrics and personal experiences. It critiques traditional measures like GDP and GNI, exploring their real implications on well-being. Global trade is surprisingly resilient against tariffs, raising questions about future economic literacy. Geopolitical tensions with the US and China pose unique challenges, while the discussion on well-being indicators urges caution in interpreting market trends.

James Ayres, a banking specialist, and Megan Flamer, a tech entrepreneur, delve into the tumultuous journey of Australia's banks after the Royal Commission scandal. They discuss how the Commonwealth Bank maintains its dominance and consumer loyalty amidst public skepticism. The conversation covers the complexities of banking fees that impact consumer trust, ethical dilemmas in workplace monitoring, and the humorous struggles of compliance in a return-to-office culture. Can the banking sector truly regain trust in a time of innovation and scrutiny?