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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News
Taxpayers are the true victims of the global financial crisis
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
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?
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
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
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
What is needed is to correct the imbalance between deposits and consumption. This past week, 21 economists endorsed the federal government's...
Publications
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...