#gregjericho — Public Fediverse posts
Live and recent posts from across the Fediverse tagged #gregjericho, aggregated by home.social.
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And finally (well, maybe not, let’s see how the evening will pan out) here is #GregJericho going hoarse for having to repeat himself so often before peeps (including politicians and #NeoLiberal economists) finally get the message.
“It’s quite incredible just how consistently wrong the Reserve Bank has been about the economy this year. And today’s unemployment figures for April reveal once again how utterly detached from the reality of the economy those running our central bank are.”
I’m not convinced the #RBA ‘s functions need to be brought back under govt control, but I am convinced that the present composition of the #RBABoard needs another sweep of the broom and more changes in the appointment process.
I make no appologies for quoting so much of what is produced by the #AustraliaInstitute and its usual contributors. After all, they are a lone voice of rationality in our chaotic neoliberal economic fiasco and one of the few think tanks concerned with every day Australian’s welfare.
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And finally (well, maybe not, let’s see how the evening will pan out) here is #GregJericho going hoarse for having to repeat himself so often before peeps (including politicians and #NeoLiberal economists) finally get the message.
“It’s quite incredible just how consistently wrong the Reserve Bank has been about the economy this year. And today’s unemployment figures for April reveal once again how utterly detached from the reality of the economy those running our central bank are.”
I’m not convinced the #RBA ‘s functions need to be brought back under govt control, but I am convinced that the present composition of the #RBABoard needs another sweep of the broom and more changes in the appointment process.
I make no appologies for quoting so much of what is produced by the #AustraliaInstitute and its usual contributors. After all, they are a lone voice of rationality in our chaotic neoliberal economic fiasco and one of the few think tanks concerned with every day Australian’s welfare.
-
And finally (well, maybe not, let’s see how the evening will pan out) here is #GregJericho going hoarse for having to repeat himself so often before peeps (including politicians and #NeoLiberal economists) finally get the message.
“It’s quite incredible just how consistently wrong the Reserve Bank has been about the economy this year. And today’s unemployment figures for April reveal once again how utterly detached from the reality of the economy those running our central bank are.”
I’m not convinced the #RBA ‘s functions need to be brought back under govt control, but I am convinced that the present composition of the #RBABoard needs another sweep of the broom and more changes in the appointment process.
I make no appologies for quoting so much of what is produced by the #AustraliaInstitute and its usual contributors. After all, they are a lone voice of rationality in our chaotic neoliberal economic fiasco and one of the few think tanks concerned with every day Australian’s welfare.
-
And finally (well, maybe not, let’s see how the evening will pan out) here is #GregJericho going hoarse for having to repeat himself so often before peeps (including politicians and #NeoLiberal economists) finally get the message.
“It’s quite incredible just how consistently wrong the Reserve Bank has been about the economy this year. And today’s unemployment figures for April reveal once again how utterly detached from the reality of the economy those running our central bank are.”
I’m not convinced the #RBA ‘s functions need to be brought back under govt control, but I am convinced that the present composition of the #RBABoard needs another sweep of the broom and more changes in the appointment process.
I make no appologies for quoting so much of what is produced by the #AustraliaInstitute and its usual contributors. After all, they are a lone voice of rationality in our chaotic neoliberal economic fiasco and one of the few think tanks concerned with every day Australian’s welfare.
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@gusseting
You might well be. You don’t have to defend yourself, It’s no my wish to put you in that position. I merely pointed out that useful discussions are those where there is a single and clear topic and that divergences are distracting and can be misconstrued, that’s all.
And yes, you were alleging @johnquiggin is bought by the #FossilFuelLobby. He is an academic of good reputation and does have #economic insights that are worth considering no matter which side of politics one supports IMHO. As for the #AustralianInstitute, I like what #RichardDenniss and #GregJericho have to say almost without excception (Neither of them are bought by #Fortesque or the fossil lobby BTW).I don’t really want to argue with you. Thruth be known I abhor confrontations, physical or otherwise. Let there be peace between us dear tooter.
#AusPol -
@gusseting
You might well be. You don’t have to defend yourself, It’s no my wish to put you in that position. I merely pointed out that useful discussions are those where there is a single and clear topic and that divergences are distracting and can be misconstrued, that’s all.
And yes, you were alleging @johnquiggin is bought by the #FossilFuelLobby. He is an academic of good reputation and does have #economic insights that are worth considering no matter which side of politics one supports IMHO. As for the #AustralianInstitute, I like what #RichardDenniss and #GregJericho have to say almost without excception (Neither of them are bought by #Fortesque or the fossil lobby BTW).I don’t really want to argue with you. Thruth be known I abhor confrontations, physical or otherwise. Let there be peace between us dear tooter.
#AusPol -
@gusseting
You might well be. You don’t have to defend yourself, It’s no my wish to put you in that position. I merely pointed out that useful discussions are those where there is a single and clear topic and that divergences are distracting and can be misconstrued, that’s all.
And yes, you were alleging @johnquiggin is bought by the #FossilFuelLobby. He is an academic of good reputation and does have #economic insights that are worth considering no matter which side of politics one supports IMHO. As for the #AustralianInstitute, I like what #RichardDenniss and #GregJericho have to say almost without excception (Neither of them are bought by #Fortesque or the fossil lobby BTW).I don’t really want to argue with you. Thruth be known I abhor confrontations, physical or otherwise. Let there be peace between us dear tooter.
#AusPol -
@gusseting
You might well be. You don’t have to defend yourself, It’s no my wish to put you in that position. I merely pointed out that useful discussions are those where there is a single and clear topic and that divergences are distracting and can be misconstrued, that’s all.
And yes, you were alleging @johnquiggin is bought by the #FossilFuelLobby. He is an academic of good reputation and does have #economic insights that are worth considering no matter which side of politics one supports IMHO. As for the #AustralianInstitute, I like what #RichardDenniss and #GregJericho have to say almost without excception (Neither of them are bought by #Fortesque or the fossil lobby BTW).I don’t really want to argue with you. Thruth be known I abhor confrontations, physical or otherwise. Let there be peace between us dear tooter.
#AusPol -
@gusseting
You might well be. You don’t have to defend yourself, It’s no my wish to put you in that position. I merely pointed out that useful discussions are those where there is a single and clear topic and that divergences are distracting and can be misconstrued, that’s all.
And yes, you were alleging @johnquiggin is bought by the #FossilFuelLobby. He is an academic of good reputation and does have #economic insights that are worth considering no matter which side of politics one supports IMHO. As for the #AustralianInstitute, I like what #RichardDenniss and #GregJericho have to say almost without excception (Neither of them are bought by #Fortesque or the fossil lobby BTW).I don’t really want to argue with you. Thruth be known I abhor confrontations, physical or otherwise. Let there be peace between us dear tooter.
#AusPol -
#GregJericho ‘s take on the #MayBudget26
The RBA is responsible for any increase in unemplyment in the near term and inflation is well and truly in #tRump ‘s hand, dear god… “A false narrative from conservative media and politicians is that government spending is driving inflation. 6It is not. Just last week the governor of the Reserve Bank, Michele Bullock, told us that the three interest rate rises this year would not “do anything for inflation over the next six months”. That makes it clear that inflation at the moment is driven by international factors – ie, the conflict in the Middle East.”
Greg laments current policies: “The thing is, voters like government services. They consistently vote for them; they consistently hate privatisations. Maybe the government could think about that fact, rather than worry about what media organisations that hate government spending think.”
But he rightly lauds the “vital move to shift away from treating housing as something to speculate on and back to it being about having a place to live.” That is not a big surprise given the ‘press leaks’ but it has been a long time coming.
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#GregJericho ‘s take on the #MayBudget26
The RBA is responsible for any increase in unemplyment in the near term and inflation is well and truly in #tRump ‘s hand, dear god… “A false narrative from conservative media and politicians is that government spending is driving inflation. 6It is not. Just last week the governor of the Reserve Bank, Michele Bullock, told us that the three interest rate rises this year would not “do anything for inflation over the next six months”. That makes it clear that inflation at the moment is driven by international factors – ie, the conflict in the Middle East.”
Greg laments current policies: “The thing is, voters like government services. They consistently vote for them; they consistently hate privatisations. Maybe the government could think about that fact, rather than worry about what media organisations that hate government spending think.”
But he rightly lauds the “vital move to shift away from treating housing as something to speculate on and back to it being about having a place to live.” That is not a big surprise given the ‘press leaks’ but it has been a long time coming.
-
#GregJericho ‘s take on the #MayBudget26
The RBA is responsible for any increase in unemplyment in the near term and inflation is well and truly in #tRump ‘s hand, dear god… “A false narrative from conservative media and politicians is that government spending is driving inflation. 6It is not. Just last week the governor of the Reserve Bank, Michele Bullock, told us that the three interest rate rises this year would not “do anything for inflation over the next six months”. That makes it clear that inflation at the moment is driven by international factors – ie, the conflict in the Middle East.”
Greg laments current policies: “The thing is, voters like government services. They consistently vote for them; they consistently hate privatisations. Maybe the government could think about that fact, rather than worry about what media organisations that hate government spending think.”
But he rightly lauds the “vital move to shift away from treating housing as something to speculate on and back to it being about having a place to live.” That is not a big surprise given the ‘press leaks’ but it has been a long time coming.
-
#GregJericho ‘s take on the #MayBudget26
The RBA is responsible for any increase in unemplyment in the near term and inflation is well and truly in #tRump ‘s hand, dear god… “A false narrative from conservative media and politicians is that government spending is driving inflation. 6It is not. Just last week the governor of the Reserve Bank, Michele Bullock, told us that the three interest rate rises this year would not “do anything for inflation over the next six months”. That makes it clear that inflation at the moment is driven by international factors – ie, the conflict in the Middle East.”
Greg laments current policies: “The thing is, voters like government services. They consistently vote for them; they consistently hate privatisations. Maybe the government could think about that fact, rather than worry about what media organisations that hate government spending think.”
But he rightly lauds the “vital move to shift away from treating housing as something to speculate on and back to it being about having a place to live.” That is not a big surprise given the ‘press leaks’ but it has been a long time coming.
-
#GregJericho ‘s take on the #MayBudget26
The RBA is responsible for any increase in unemplyment in the near term and inflation is well and truly in #tRump ‘s hand, dear god… “A false narrative from conservative media and politicians is that government spending is driving inflation. 6It is not. Just last week the governor of the Reserve Bank, Michele Bullock, told us that the three interest rate rises this year would not “do anything for inflation over the next six months”. That makes it clear that inflation at the moment is driven by international factors – ie, the conflict in the Middle East.”
Greg laments current policies: “The thing is, voters like government services. They consistently vote for them; they consistently hate privatisations. Maybe the government could think about that fact, rather than worry about what media organisations that hate government spending think.”
But he rightly lauds the “vital move to shift away from treating housing as something to speculate on and back to it being about having a place to live.” That is not a big surprise given the ‘press leaks’ but it has been a long time coming.
-
As expected, #GregJericho does not mince his words in his latest criticism of the #RBA. In fact, he shows the RBA for what it truly is, a proxy for the #BCA (Business Council of Australia), the all powerful #NeoLiberal #Lobby.
“the RBA really does not give one damn about inflation or even “inflationary expectations”. Truly – Michele Bullock has belled the cat on this now that she has admitted raising interest rates has nothing to do with inflation.
All the RBA cares about is wages growth – they do not, under any circumstances, want workers to think they should be getting a decent wage rise.
Company profits? Oh gosh, well, those need to remain strong. Bullock told reporters that companies should raise their prices to cover costs, because otherwise, in her words, “they would go bust”.
Read more: https://thepoint.com.au/opinions/260506-rbas-decision-to-raise-rates-hurts-australians-for-no-reason
#TaxTheRich #AusPol #JoinYourUnion #WorkersUnite #NoMoreBillionaires #RegulateTheMarkets #DisempowerTheBanks #ProgressiveLegislationNow #TaxReformNow
-
As expected, #GregJericho does not mince his words in his latest criticism of the #RBA. In fact, he shows the RBA for what it truly is, a proxy for the #BCA (Business Council of Australia), the all powerful #NeoLiberal #Lobby.
“the RBA really does not give one damn about inflation or even “inflationary expectations”. Truly – Michele Bullock has belled the cat on this now that she has admitted raising interest rates has nothing to do with inflation.
All the RBA cares about is wages growth – they do not, under any circumstances, want workers to think they should be getting a decent wage rise.
Company profits? Oh gosh, well, those need to remain strong. Bullock told reporters that companies should raise their prices to cover costs, because otherwise, in her words, “they would go bust”.
Read more: https://thepoint.com.au/opinions/260506-rbas-decision-to-raise-rates-hurts-australians-for-no-reason
#TaxTheRich #AusPol #JoinYourUnion #WorkersUnite #NoMoreBillionaires #RegulateTheMarkets #DisempowerTheBanks #ProgressiveLegislationNow #TaxReformNow
-
As expected, #GregJericho does not mince his words in his latest criticism of the #RBA. In fact, he shows the RBA for what it truly is, a proxy for the #BCA (Business Council of Australia), the all powerful #NeoLiberal #Lobby.
“the RBA really does not give one damn about inflation or even “inflationary expectations”. Truly – Michele Bullock has belled the cat on this now that she has admitted raising interest rates has nothing to do with inflation.
All the RBA cares about is wages growth – they do not, under any circumstances, want workers to think they should be getting a decent wage rise.
Company profits? Oh gosh, well, those need to remain strong. Bullock told reporters that companies should raise their prices to cover costs, because otherwise, in her words, “they would go bust”.
Read more: https://thepoint.com.au/opinions/260506-rbas-decision-to-raise-rates-hurts-australians-for-no-reason
#TaxTheRich #AusPol #JoinYourUnion #WorkersUnite #NoMoreBillionaires #RegulateTheMarkets #DisempowerTheBanks #ProgressiveLegislationNow #TaxReformNow
-
As expected, #GregJericho does not mince his words in his latest criticism of the #RBA. In fact, he shows the RBA for what it truly is, a proxy for the #BCA (Business Council of Australia), the all powerful #NeoLiberal #Lobby.
“the RBA really does not give one damn about inflation or even “inflationary expectations”. Truly – Michele Bullock has belled the cat on this now that she has admitted raising interest rates has nothing to do with inflation.
All the RBA cares about is wages growth – they do not, under any circumstances, want workers to think they should be getting a decent wage rise.
Company profits? Oh gosh, well, those need to remain strong. Bullock told reporters that companies should raise their prices to cover costs, because otherwise, in her words, “they would go bust”.
Read more: https://thepoint.com.au/opinions/260506-rbas-decision-to-raise-rates-hurts-australians-for-no-reason
#TaxTheRich #AusPol #JoinYourUnion #WorkersUnite #NoMoreBillionaires #RegulateTheMarkets #DisempowerTheBanks #ProgressiveLegislationNow #TaxReformNow
-
As expected, #GregJericho does not mince his words in his latest criticism of the #RBA. In fact, he shows the RBA for what it truly is, a proxy for the #BCA (Business Council of Australia), the all powerful #NeoLiberal #Lobby.
“the RBA really does not give one damn about inflation or even “inflationary expectations”. Truly – Michele Bullock has belled the cat on this now that she has admitted raising interest rates has nothing to do with inflation.
All the RBA cares about is wages growth – they do not, under any circumstances, want workers to think they should be getting a decent wage rise.
Company profits? Oh gosh, well, those need to remain strong. Bullock told reporters that companies should raise their prices to cover costs, because otherwise, in her words, “they would go bust”.
Read more: https://thepoint.com.au/opinions/260506-rbas-decision-to-raise-rates-hurts-australians-for-no-reason
#TaxTheRich #AusPol #JoinYourUnion #WorkersUnite #NoMoreBillionaires #RegulateTheMarkets #DisempowerTheBanks #ProgressiveLegislationNow #TaxReformNow
-
It sounds like #GregJericho is about to throw in the towel and give up any hope that the #RBA will mend its ways and hence forecasts a #Recession… eventually.
“At least the impact is not as large as it was in 2022 and 2023 when profits soared after Russia invaded Ukraine, causing oil, gas and fertiliser prices to spike.
Good thing nothing like that has happened recently … oh wait, I am being handed a note.
And so, we wait to see the damage in the March figures and know that, regardless of the cause of inflation, the RBA is likely to blame workers – and they will hold to that view even if it means a recession.”
Read the article here:
https://www.theguardian.com/business/grogonomics/2026/mar/26/australia-inflation-profit-margins-fuel-crisis-supply-chain-shock
#AusPol #Economy #Inflation #NeoClassicalEconomics -
It sounds like #GregJericho is about to throw in the towel and give up any hope that the #RBA will mend its ways and hence forecasts a #Recession… eventually.
“At least the impact is not as large as it was in 2022 and 2023 when profits soared after Russia invaded Ukraine, causing oil, gas and fertiliser prices to spike.
Good thing nothing like that has happened recently … oh wait, I am being handed a note.
And so, we wait to see the damage in the March figures and know that, regardless of the cause of inflation, the RBA is likely to blame workers – and they will hold to that view even if it means a recession.”
Read the article here:
https://www.theguardian.com/business/grogonomics/2026/mar/26/australia-inflation-profit-margins-fuel-crisis-supply-chain-shock
#AusPol #Economy #Inflation #NeoClassicalEconomics -
It sounds like #GregJericho is about to throw in the towel and give up any hope that the #RBA will mend its ways and hence forecasts a #Recession… eventually.
“At least the impact is not as large as it was in 2022 and 2023 when profits soared after Russia invaded Ukraine, causing oil, gas and fertiliser prices to spike.
Good thing nothing like that has happened recently … oh wait, I am being handed a note.
And so, we wait to see the damage in the March figures and know that, regardless of the cause of inflation, the RBA is likely to blame workers – and they will hold to that view even if it means a recession.”
Read the article here:
https://www.theguardian.com/business/grogonomics/2026/mar/26/australia-inflation-profit-margins-fuel-crisis-supply-chain-shock
#AusPol #Economy #Inflation #NeoClassicalEconomics -
It sounds like #GregJericho is about to throw in the towel and give up any hope that the #RBA will mend its ways and hence forecasts a #Recession… eventually.
“At least the impact is not as large as it was in 2022 and 2023 when profits soared after Russia invaded Ukraine, causing oil, gas and fertiliser prices to spike.
Good thing nothing like that has happened recently … oh wait, I am being handed a note.
And so, we wait to see the damage in the March figures and know that, regardless of the cause of inflation, the RBA is likely to blame workers – and they will hold to that view even if it means a recession.”
Read the article here:
https://www.theguardian.com/business/grogonomics/2026/mar/26/australia-inflation-profit-margins-fuel-crisis-supply-chain-shock
#AusPol #Economy #Inflation #NeoClassicalEconomics -
It sounds like #GregJericho is about to throw in the towel and give up any hope that the #RBA will mend its ways and hence forecasts a #Recession… eventually.
“At least the impact is not as large as it was in 2022 and 2023 when profits soared after Russia invaded Ukraine, causing oil, gas and fertiliser prices to spike.
Good thing nothing like that has happened recently … oh wait, I am being handed a note.
And so, we wait to see the damage in the March figures and know that, regardless of the cause of inflation, the RBA is likely to blame workers – and they will hold to that view even if it means a recession.”
Read the article here:
https://www.theguardian.com/business/grogonomics/2026/mar/26/australia-inflation-profit-margins-fuel-crisis-supply-chain-shock
#AusPol #Economy #Inflation #NeoClassicalEconomics -
[edited for typos]
#GregJericho lays into the #RBA ‘s latest gaffe.[The RBA said] “in addition, the conflict in the Middle East has resulted in sharply higher fuel prices, which, if sustained, will add to inflation. Short-term measures of inflation expectations have already risen. As a result, the Board judged that there is a material risk that inflation will remain above target for longer than previously anticipated.” This is a total failure of basic economics, and suggestive of a panicked RBA board.
The impact on oil prices is due to the attacks on Iran and the blockage of cargo through the Strait of Hormuz. Nothing the RBA does will affect that.”
Read that again: “NOTHING the RBA does” will mitigate fuel cost increases due to the crisis in the MIddel East.
It couldn’t be clearer. An Economics 101 student would not even need the clarification. What is the RBA doing FFS? It seems clueless at times.
-
[edited for typos]
#GregJericho lays into the #RBA ‘s latest gaffe.[The RBA said] “in addition, the conflict in the Middle East has resulted in sharply higher fuel prices, which, if sustained, will add to inflation. Short-term measures of inflation expectations have already risen. As a result, the Board judged that there is a material risk that inflation will remain above target for longer than previously anticipated.” This is a total failure of basic economics, and suggestive of a panicked RBA board.
The impact on oil prices is due to the attacks on Iran and the blockage of cargo through the Strait of Hormuz. Nothing the RBA does will affect that.”
Read that again: “NOTHING the RBA does” will mitigate fuel cost increases due to the crisis in the MIddel East.
It couldn’t be clearer. An Economics 101 student would not even need the clarification. What is the RBA doing FFS? It seems clueless at times.
-
[edited for typos]
#GregJericho lays into the #RBA ‘s latest gaffe.[The RBA said] “in addition, the conflict in the Middle East has resulted in sharply higher fuel prices, which, if sustained, will add to inflation. Short-term measures of inflation expectations have already risen. As a result, the Board judged that there is a material risk that inflation will remain above target for longer than previously anticipated.” This is a total failure of basic economics, and suggestive of a panicked RBA board.
The impact on oil prices is due to the attacks on Iran and the blockage of cargo through the Strait of Hormuz. Nothing the RBA does will affect that.”
Read that again: “NOTHING the RBA does” will mitigate fuel cost increases due to the crisis in the MIddel East.
It couldn’t be clearer. An Economics 101 student would not even need the clarification. What is the RBA doing FFS? It seems clueless at times.
-
[edited for typos]
#GregJericho lays into the #RBA ‘s latest gaffe.[The RBA said] “in addition, the conflict in the Middle East has resulted in sharply higher fuel prices, which, if sustained, will add to inflation. Short-term measures of inflation expectations have already risen. As a result, the Board judged that there is a material risk that inflation will remain above target for longer than previously anticipated.” This is a total failure of basic economics, and suggestive of a panicked RBA board.
The impact on oil prices is due to the attacks on Iran and the blockage of cargo through the Strait of Hormuz. Nothing the RBA does will affect that.”
Read that again: “NOTHING the RBA does” will mitigate fuel cost increases due to the crisis in the MIddel East.
It couldn’t be clearer. An Economics 101 student would not even need the clarification. What is the RBA doing FFS? It seems clueless at times.
-
[edited for typos]
#GregJericho lays into the #RBA ‘s latest gaffe.[The RBA said] “in addition, the conflict in the Middle East has resulted in sharply higher fuel prices, which, if sustained, will add to inflation. Short-term measures of inflation expectations have already risen. As a result, the Board judged that there is a material risk that inflation will remain above target for longer than previously anticipated.” This is a total failure of basic economics, and suggestive of a panicked RBA board.
The impact on oil prices is due to the attacks on Iran and the blockage of cargo through the Strait of Hormuz. Nothing the RBA does will affect that.”
Read that again: “NOTHING the RBA does” will mitigate fuel cost increases due to the crisis in the MIddel East.
It couldn’t be clearer. An Economics 101 student would not even need the clarification. What is the RBA doing FFS? It seems clueless at times.
-
I never get tired of tooting #GregJericho ‘s articles, because what he says, most of the time, is not just informative, it’s a booster shot against the #FakeNews and #EconomicMisInformation the #msm spews out — unfortunately with that much misinformation being the main narrative of all but a few news outlets and the #FifthEstate, a lot of it is bound to be believed as truth: like the furphy about increasing wages driving up inflation — everyone should know by now the inflationary dragon is #GreedFlation.
“There hasn’t been a wage breakout since I was in primary school but do not worry – the RBA is still on the watch, ever on alert to raise interest rates in an effort to increase unemployment and lower wage growth.”
Read more:
https://www.theguardian.com/business/grogonomics/2026/feb/18/real-wages-fall-australia-workers-economyBut the RBA is not about to let a debuked economic theory go to waste. So Greg is warning us of another rate rise likely to come if the RBA stays true to form — and why shouldn’t it?
Read more:
https://thepoint.com.au/opinions/260220-dont-panic-rba-low-unemployment-is-a-good-thing#RBA #NeoClassicalEconomics #NeoLiberalEconomics #AusPol #CashRate #Inflation #WageGrowth
-
I never get tired of tooting #GregJericho ‘s articles, because what he says, most of the time, is not just informative, it’s a booster shot against the #FakeNews and #EconomicMisInformation the #msm spews out — unfortunately with that much misinformation being the main narrative of all but a few news outlets and the #FifthEstate, a lot of it is bound to be believed as truth: like the furphy about increasing wages driving up inflation — everyone should know by now the inflationary dragon is #GreedFlation.
“There hasn’t been a wage breakout since I was in primary school but do not worry – the RBA is still on the watch, ever on alert to raise interest rates in an effort to increase unemployment and lower wage growth.”
Read more:
https://www.theguardian.com/business/grogonomics/2026/feb/18/real-wages-fall-australia-workers-economyBut the RBA is not about to let a debuked economic theory go to waste. So Greg is warning us of another rate rise likely to come if the RBA stays true to form — and why shouldn’t it?
Read more:
https://thepoint.com.au/opinions/260220-dont-panic-rba-low-unemployment-is-a-good-thing#RBA #NeoClassicalEconomics #NeoLiberalEconomics #AusPol #CashRate #Inflation #WageGrowth
-
I never get tired of tooting #GregJericho ‘s articles, because what he says, most of the time, is not just informative, it’s a booster shot against the #FakeNews and #EconomicMisInformation the #msm spews out — unfortunately with that much misinformation being the main narrative of all but a few news outlets and the #FifthEstate, a lot of it is bound to be believed as truth: like the furphy about increasing wages driving up inflation — everyone should know by now the inflationary dragon is #GreedFlation.
“There hasn’t been a wage breakout since I was in primary school but do not worry – the RBA is still on the watch, ever on alert to raise interest rates in an effort to increase unemployment and lower wage growth.”
Read more:
https://www.theguardian.com/business/grogonomics/2026/feb/18/real-wages-fall-australia-workers-economyBut the RBA is not about to let a debuked economic theory go to waste. So Greg is warning us of another rate rise likely to come if the RBA stays true to form — and why shouldn’t it?
Read more:
https://thepoint.com.au/opinions/260220-dont-panic-rba-low-unemployment-is-a-good-thing#RBA #NeoClassicalEconomics #NeoLiberalEconomics #AusPol #CashRate #Inflation #WageGrowth
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I never get tired of tooting #GregJericho ‘s articles, because what he says, most of the time, is not just informative, it’s a booster shot against the #FakeNews and #EconomicMisInformation the #msm spews out — unfortunately with that much misinformation being the main narrative of all but a few news outlets and the #FifthEstate, a lot of it is bound to be believed as truth: like the furphy about increasing wages driving up inflation — everyone should know by now the inflationary dragon is #GreedFlation.
“There hasn’t been a wage breakout since I was in primary school but do not worry – the RBA is still on the watch, ever on alert to raise interest rates in an effort to increase unemployment and lower wage growth.”
Read more:
https://www.theguardian.com/business/grogonomics/2026/feb/18/real-wages-fall-australia-workers-economyBut the RBA is not about to let a debuked economic theory go to waste. So Greg is warning us of another rate rise likely to come if the RBA stays true to form — and why shouldn’t it?
Read more:
https://thepoint.com.au/opinions/260220-dont-panic-rba-low-unemployment-is-a-good-thing#RBA #NeoClassicalEconomics #NeoLiberalEconomics #AusPol #CashRate #Inflation #WageGrowth
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I never get tired of tooting #GregJericho ‘s articles, because what he says, most of the time, is not just informative, it’s a booster shot against the #FakeNews and #EconomicMisInformation the #msm spews out — unfortunately with that much misinformation being the main narrative of all but a few news outlets and the #FifthEstate, a lot of it is bound to be believed as truth: like the furphy about increasing wages driving up inflation — everyone should know by now the inflationary dragon is #GreedFlation.
“There hasn’t been a wage breakout since I was in primary school but do not worry – the RBA is still on the watch, ever on alert to raise interest rates in an effort to increase unemployment and lower wage growth.”
Read more:
https://www.theguardian.com/business/grogonomics/2026/feb/18/real-wages-fall-australia-workers-economyBut the RBA is not about to let a debuked economic theory go to waste. So Greg is warning us of another rate rise likely to come if the RBA stays true to form — and why shouldn’t it?
Read more:
https://thepoint.com.au/opinions/260220-dont-panic-rba-low-unemployment-is-a-good-thing#RBA #NeoClassicalEconomics #NeoLiberalEconomics #AusPol #CashRate #Inflation #WageGrowth
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Are we starting to see some sort of pushback against the neoliberal thinking of the majority of economists who harp on about the wage-inflation spiral — or to put it another way the need for some workers to live on the dole so that the rest of us can have a more confortable life free of inflationary pressures.
Here is someone other than #GregJericho of The Australian Institute that also thinks this #RBA mantra is utter bull dust.
“…[economists] obsess about an oft talked about, but mysterious concept called the NAIRU, the non-accelerating inflation rate of unemployment.
The theory goes that, if you have just the right amount of workers on the unemployment scrap heap, you can keep inflation in check.
The problem is that no-one knows exactly what the magic unemployment rate is. Even more confusing, it seems to change and, on occasions, such as the past few years, not hold true at all.”
Read more
https://www.abc.net.au/news/2026-02-21/why-economists-hate-low-unemployment-for-inflation/106367852#unemployment #WageInflationSpiral #NAIRU #Economy #AusPol #NeoClassicalEconomics #NeoLiberalEconomicTheory
#CapoitalismUnbound -
Are we starting to see some sort of pushback against the neoliberal thinking of the majority of economists who harp on about the wage-inflation spiral — or to put it another way the need for some workers to live on the dole so that the rest of us can have a more confortable life free of inflationary pressures.
Here is someone other than #GregJericho of The Australian Institute that also thinks this #RBA mantra is utter bull dust.
“…[economists] obsess about an oft talked about, but mysterious concept called the NAIRU, the non-accelerating inflation rate of unemployment.
The theory goes that, if you have just the right amount of workers on the unemployment scrap heap, you can keep inflation in check.
The problem is that no-one knows exactly what the magic unemployment rate is. Even more confusing, it seems to change and, on occasions, such as the past few years, not hold true at all.”
Read more
https://www.abc.net.au/news/2026-02-21/why-economists-hate-low-unemployment-for-inflation/106367852#unemployment #WageInflationSpiral #NAIRU #Economy #AusPol #NeoClassicalEconomics #NeoLiberalEconomicTheory
#CapoitalismUnbound -
Are we starting to see some sort of pushback against the neoliberal thinking of the majority of economists who harp on about the wage-inflation spiral — or to put it another way the need for some workers to live on the dole so that the rest of us can have a more confortable life free of inflationary pressures.
Here is someone other than #GregJericho of The Australian Institute that also thinks this #RBA mantra is utter bull dust.
“…[economists] obsess about an oft talked about, but mysterious concept called the NAIRU, the non-accelerating inflation rate of unemployment.
The theory goes that, if you have just the right amount of workers on the unemployment scrap heap, you can keep inflation in check.
The problem is that no-one knows exactly what the magic unemployment rate is. Even more confusing, it seems to change and, on occasions, such as the past few years, not hold true at all.”
Read more
https://www.abc.net.au/news/2026-02-21/why-economists-hate-low-unemployment-for-inflation/106367852#unemployment #WageInflationSpiral #NAIRU #Economy #AusPol #NeoClassicalEconomics #NeoLiberalEconomicTheory
#CapoitalismUnbound -
Are we starting to see some sort of pushback against the neoliberal thinking of the majority of economists who harp on about the wage-inflation spiral — or to put it another way the need for some workers to live on the dole so that the rest of us can have a more confortable life free of inflationary pressures.
Here is someone other than #GregJericho of The Australian Institute that also thinks this #RBA mantra is utter bull dust.
“…[economists] obsess about an oft talked about, but mysterious concept called the NAIRU, the non-accelerating inflation rate of unemployment.
The theory goes that, if you have just the right amount of workers on the unemployment scrap heap, you can keep inflation in check.
The problem is that no-one knows exactly what the magic unemployment rate is. Even more confusing, it seems to change and, on occasions, such as the past few years, not hold true at all.”
Read more
https://www.abc.net.au/news/2026-02-21/why-economists-hate-low-unemployment-for-inflation/106367852#unemployment #WageInflationSpiral #NAIRU #Economy #AusPol #NeoClassicalEconomics #NeoLiberalEconomicTheory
#CapoitalismUnbound -
Are we starting to see some sort of pushback against the neoliberal thinking of the majority of economists who harp on about the wage-inflation spiral — or to put it another way the need for some workers to live on the dole so that the rest of us can have a more confortable life free of inflationary pressures.
Here is someone other than #GregJericho of The Australian Institute that also thinks this #RBA mantra is utter bull dust.
“…[economists] obsess about an oft talked about, but mysterious concept called the NAIRU, the non-accelerating inflation rate of unemployment.
The theory goes that, if you have just the right amount of workers on the unemployment scrap heap, you can keep inflation in check.
The problem is that no-one knows exactly what the magic unemployment rate is. Even more confusing, it seems to change and, on occasions, such as the past few years, not hold true at all.”
Read more
https://www.abc.net.au/news/2026-02-21/why-economists-hate-low-unemployment-for-inflation/106367852#unemployment #WageInflationSpiral #NAIRU #Economy #AusPol #NeoClassicalEconomics #NeoLiberalEconomicTheory
#CapoitalismUnbound -
#GregJericho must be getting very tired of stating obvious economics facts. I’m surprised he is not blue in the face. There are no more deaf people than those who do not wnat to hear (or those infected by the dreaded #NeoClassical / #NeoLiberal economic fallacies — all of them debunked in 2008 — chief amongst them the utterly stupid Wage-Inflation spiral, one of RBA’s dogma (the more I read/learn about economists the more I am convinced they are inured to facts).
‘There hasn’t been a wage breakout since I was in primary school but do not worry – the RBA is still on the watch, ever on alert to raise interest rates in an effort to increase unemployment and lower wage growth.’
Source: Greg Jericho in The Guardian
https://www.theguardian.com/business/grogonomics/2026/feb/18/real-wages-fall-australia-workers-economyThe article has just gone up, allow a hour or so before it is brought out of from subscriberwall
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#GregJericho must be getting very tired of stating obvious economics facts. I’m surprised he is not blue in the face. There are no more deaf people than those who do not wnat to hear (or those infected by the dreaded #NeoClassical / #NeoLiberal economic fallacies — all of them debunked in 2008 — chief amongst them the utterly stupid Wage-Inflation spiral, one of RBA’s dogma (the more I read/learn about economists the more I am convinced they are inured to facts).
‘There hasn’t been a wage breakout since I was in primary school but do not worry – the RBA is still on the watch, ever on alert to raise interest rates in an effort to increase unemployment and lower wage growth.’
Source: Greg Jericho in The Guardian
https://www.theguardian.com/business/grogonomics/2026/feb/18/real-wages-fall-australia-workers-economyThe article has just gone up, allow a hour or so before it is brought out of from subscriberwall
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#GregJericho must be getting very tired of stating obvious economics facts. I’m surprised he is not blue in the face. There are no more deaf people than those who do not wnat to hear (or those infected by the dreaded #NeoClassical / #NeoLiberal economic fallacies — all of them debunked in 2008 — chief amongst them the utterly stupid Wage-Inflation spiral, one of RBA’s dogma (the more I read/learn about economists the more I am convinced they are inured to facts).
‘There hasn’t been a wage breakout since I was in primary school but do not worry – the RBA is still on the watch, ever on alert to raise interest rates in an effort to increase unemployment and lower wage growth.’
Source: Greg Jericho in The Guardian
https://www.theguardian.com/business/grogonomics/2026/feb/18/real-wages-fall-australia-workers-economyThe article has just gone up, allow a hour or so before it is brought out of from subscriberwall
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#GregJericho must be getting very tired of stating obvious economics facts. I’m surprised he is not blue in the face. There are no more deaf people than those who do not wnat to hear (or those infected by the dreaded #NeoClassical / #NeoLiberal economic fallacies — all of them debunked in 2008 — chief amongst them the utterly stupid Wage-Inflation spiral, one of RBA’s dogma (the more I read/learn about economists the more I am convinced they are inured to facts).
‘There hasn’t been a wage breakout since I was in primary school but do not worry – the RBA is still on the watch, ever on alert to raise interest rates in an effort to increase unemployment and lower wage growth.’
Source: Greg Jericho in The Guardian
https://www.theguardian.com/business/grogonomics/2026/feb/18/real-wages-fall-australia-workers-economyThe article has just gone up, allow a hour or so before it is brought out of from subscriberwall
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#GregJericho must be getting very tired of stating obvious economics facts. I’m surprised he is not blue in the face. There are no more deaf people than those who do not wnat to hear (or those infected by the dreaded #NeoClassical / #NeoLiberal economic fallacies — all of them debunked in 2008 — chief amongst them the utterly stupid Wage-Inflation spiral, one of RBA’s dogma (the more I read/learn about economists the more I am convinced they are inured to facts).
‘There hasn’t been a wage breakout since I was in primary school but do not worry – the RBA is still on the watch, ever on alert to raise interest rates in an effort to increase unemployment and lower wage growth.’
Source: Greg Jericho in The Guardian
https://www.theguardian.com/business/grogonomics/2026/feb/18/real-wages-fall-australia-workers-economyThe article has just gone up, allow a hour or so before it is brought out of from subscriberwall
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Speculation and the old skeleton-in-the-cupboard the debunked employment-inflation nexus are two of the perennial reasons for RBA intervention. Both of these are features of the neoliberal economic system we all live under. Greg Jericho explains in his latest article in the Guardian why the RBA ought to wait before jumping on the cash rate lever.
“There is a kind of sickness in Australia’s coverage and discussion about the economy – an obsession that interest rates need to do something. Go up, go down – anything! Unemployment fell, interest rates must do something (apparently fewer people being out of a job is bad and needs to be cured). Oh no, inflation went up in one month – we need interest rates to do something!!
We see this as well with investors – or let’s be honest, speculators – who are determined that interest rates will go up next week.
Even before the December CPI figures were released, investors were betting (and that is all it is) that there was a 58% chance the Reserve Bank of Australia would increase rates on 3 February:”
Read more;
https://www.theguardian.com/business/grogonomics/2026/jan/28/australia-rba-interest-rates#Finance #CashRates #InflationRate #CPI #AusPol #RBA #GregJericho
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#GregJericho in The Guardian on Super, tax concessions and MSM’s agenda for all to see.
“. Let’s stop right there.
We don’t give tax breaks on superannuation so that you can fund the inheritance of your children.
Tattoo that on your eyeballs.
Superannuation tax breaks are designed to encourage you to save so you do not need to rely on the age pension. It is not so your kids can get a head start in life. That might be a nice thing for you to do but there is zero public benefit in giving you a tax break to do it.”I might add that if helping out your kids is the purpose, then Super is not the financial vehicle to do this. Kids do need financial help, that’s a given for the majority. But the time to help them is a constant responsibility for parents (my kind of parenting anyway). And parents who can afford it ought to do this as needs arise to the best of their ability.
MSM tends to portray a reduction of tax concession as a tax on super. It is not. It is a reduction of tax concession which were put in place to encourage ‘saving’ for retirement. Given that Australians now have super (whether they like it or not) that incentive is no longer warranted IMHO. One important thing is left to do… encouraging all workers to seek the best place to put those Super dollars in and the govt could help there by publishing comparative tables with pros and cons based solely on returns to investors/super.
IMO
Opinions vary of course, why shouldn’t they?
Read more: https://www.theguardian.com/business/grogonomics/2025/jun/26/super-tax-debate-highlights-everything-wrong-with-australias-media-and-economic-system? -
Another excellent piece from #GregJericho in #TheGuardian. We need more journalists who don't merely repeat the same propaganda for the rich.
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Another excellent piece from #GregJericho in #TheGuardian. We need more journalists who don't merely repeat the same propaganda for the rich.
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Another excellent piece from #GregJericho in #TheGuardian. We need more journalists who don't merely repeat the same propaganda for the rich.
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Another excellent piece from #GregJericho in #TheGuardian. We need more journalists who don't merely repeat the same propaganda for the rich.