Chris Richardson
@ChrisEconomist
Chris from Accounts
Some key posts – Why I love budgets – Why solving the cost of living crisis isn’t easy (& why subsidies hurt rather than help) – What caused the surplus – Why inflation is the disease (& cost-of-living…
What caused the surplus? On budget night a year ago I said there’d be another surplus this year That now looks a done deal How’d that happen? And why did I expect a surplus?
WARFARE IS CHANGING @Noahpinion is entirely right that warfare is changing fast, and that history is littered with nations that failed to keep up. That's vital for Australia to watch closely - we have long supply lines, and we're responding to a more dangerous world with a big…
PARTY AT ALLEGRA'S!! All welcome 😁 My ask of tax reform is pretty simple ... Let's stop doing really dumb things allegraspender.com.au/livestream_tax…
JOHN STONE – THE FORMER HEAD OF TREASURY – HAS PASSED AWAY John was a complex character, but blessed with a truly stunning intellect. One small story if I may … Stone was well known among economists for having forecast the recession of the mid-1970s. In early March 1989 the…
THE BETTER OUR NATIONAL CONVERSATION, THE BETTER OUR NATION CAN BE Truly great to see the launch of a new platform to talk policy Loved the articles in the first issue Heartily recommend everyone have a look And all the very best with the new venture! x.com/inflectionptsw……
🚨We’re launching the FIRST issue of Inflection Points 🚨 - Michael Brennan & Dan Andrews - Katie Roberts-Hull - Jonathan O’Brien - Andrew Leigh
2 rate cuts coming - one next month & one in Nov Inflation is moderating, & the RBA will keep cutting But it prefers to jump after the quarterly CPI, as it doesn't enormously trust the monthly numbers yet I'd have happily cut today, but the hold isn't that surprising
Australians have - understandably - been focussed on US tariff tantrums But the Big Beautiful Bill just passed Congress. It will eventually add $US 3.4 trillion to US government debt - close to two years' worth of total Australian national income Other things equal, yet…
BETTER THAN EXPECTED, BUT STILL NO THIRD CIGAR ... The latest budget numbers are out, and they show a continuing gentle drift into the red Over the 12 mths to May, the cash underlying deficit is now $8.3bn (while the headline deficit is $13.7bn) I'm revising my estimate for…
ONE STEP FORWARD, ONE STEP BACK … The debate over the new tax on earnings in super accounts above $3m has generated much more heat than light I think new tax is far from great, but I also think it indirectly sticky-tapes some of the problems from how we tax super contributions…
