The Global Financial Crisis

Economics & Deregulation / The Global Financial Crisis

What caused the Global Financial Crisis of 2008? What does it mean for the Australian economy, and the rest of the world? And what can we do about it?

Governments around the world are trying to spend and regulate their way out of the economic crisis. The Institute of Public Affairs has argued loudly and forcefully that the crisis may be bad, but responding to the crisis with bad policy will only make it far worse. This section collates the best IPA commentary on the crisis, its causes, and its consequences for politics and the economy.

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Taxpayers are the true victims of the global financial crisis

Economics & Deregulation and The Global Financial Crisis | Chris Berg
The Sunday Age 26th December, 2010

About two years on from the financial crisis the world looks very different to the way it seemed in the middle of the economic collapse. The broad...

Reform lost in the rhetoric

Economics & Deregulation, Governance & Service Provision, The Global Financial Crisis and Deregulation Unit | John Roskam
The Australian Financial Review 13th November, 2009

Prime Minister Kevin Rudd likes to talk about the tough decisions he's making and the reforms he's pushing through. And the Prime Minister is...

Crisis? What crisis?

Economics & Deregulation and The Global Financial Crisis | Chris Berg
The Age 28th June, 2009

By now, we've all read the story, dozens of times. It goes like this: the financial crisis has brought down the Potemkin village of consumerism....

Profligate policies put us back in the firing line

Economics & Deregulation and The Global Financial Crisis | Alan Moran
Herald Sun 27th June, 2009

World share markets took another nosedive this week triggered by the World Bank's publication of downbeat growth forecasts. For 2009, the World...

Budget built on a loose foundation of beach sand

Economics & Deregulation and The Global Financial Crisis | Mikayla Novak
The Courier Mail 18th June, 2009

The past 12 months have been a time of Budget pain for Queenslanders, and the 2009-10 Budget continues the bad fiscal run. A year ago the Bligh...

Spending the savings will not help in long term

Economics & Deregulation and The Global Financial Crisis | Alan Moran
Australian Financial Review 6th June, 2009

What is needed is to correct the imbalance between deposits and consumption. This past week, 21 economists endorsed the federal government's...


Editorial, March 2009


Is this the biggest financial crisis since 1987? Since the 1970s? Since the Second World War? Since the Great Depression? Since the word ‘finance' was coined? Who knows - my economist can beat up your economist. Like those American political...

So where is our GasBuddy? Can't mates be buddies too?


There is a ruthless efficiency about Kevin Rudd. The man who bewailed Brutopia's coming is as ruthless as his own caricatured ‘neo-liberals' and market forces. Even more ironically, market metaphors best describe the Prime Minister's...

Keeping up with Kevin: Kevin Rudd's testosterone technocracy


"From time to time in human history there occur events of a truly seismic significance, events that mark a turning point between one epoch and the next." If the Prime Minister's rhetoric is anything to go by, big things are brewing. He announced...