We've entered an era of bigger government — and that means more power for the government to reward its friends, and more opportunities to rort spending to serve the government's political interests.
It's time ratings agencies abandoned the fiscal taskmaster stuff and began focusing on economic growth and employment.
Given the circumstances in which it was created, last week's budget lacks substance and is showing noticeable flaws. Has the government got the intellectual firepower to think creatively about a post-COVID world?
The debate over the 2020 budget is less about the quantum of stimulus — that will be vast — but how effective it will be in the way it is spent.
Suddenly our obsession with budget surpluses has vanished — so quickly as to raise questions about what it ever really meant.
The economy now depends on how much fiscal stimulus the government is going to provide. The Reserve Bank has only a limited role to play, despite an extraordinary swipe from Paul Keating.
Tax cuts and industrial relations reform won't deliver a recovery from a recession that could yet turn out to be the longest in nearly 40 years.
The effects of the early '90s recession dragged on for many years. This time around, policymakers have responded much more quickly, but can they prevent the same long-term harm?
It's demand, not supply, that shapes as the biggest problem for the Australian economy — at least according to RBA governor Philip Lowe. But try telling that to the treasurer.
The new Victorian shutdown will force an overhaul of Australia's fiscal and economic outlook. And we need more stimulus, too – much more.