Tag: government stimulus

There’s No Such Thing as ‘Government Stimulus’

June 8, 2023
government stimulusOpinionViewpoints
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Commentary Money has no purpose absent production first. Say it over and over again. Money is abundant in the United States not because the Fed decreed it so, but because productivity is a magnet for investment. If ever there comes a time when Americans cease their productive ways, the money will exit. And the Fed…

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Unusual Level of Government Support Is Starting to End: Treasury

February 16, 2022
AustraliaAustralia COVID-19Australia Unemployment RateAustralian economyBusiness & Economyeconomic policiesgovernment stimulusReserve Bank of AustraliaWorld
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Australia’s Treasury Secretary, Steven Kennedy, said early steps have been taken towards the normalisation of economic policies, but it was important to gradually reduce economic support to avoid any negative ramifications. In his opening statement to the Senate Economics Committee, Kennedy said the sensible tapering of government support was important to achieving the goal of…

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Fiscal Conservatism Is Another Victim of the Pandemic

October 27, 2021
AustraliaAustralian economybudget 2020-21Dominic Perrottetgovernment stimulusNSWOpinionViewpointsWorld
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Commentary The new Premier of New South Wales (NSW), Dominic Perrottet, and his Treasurer Matt Kean announced $2.8 billion (US$2.1 billion) of new spending last week, which in their words is to “turbocharge the NSW recovery.” It was not billed as a mini-budget—but it could have been. As a test of the Perrottet government’s approach,…

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Fiscal Conservatism Another Victim of the Pandemic

October 27, 2021
AustraliaAustralian economybudget 2020-21Dominic Perrottetgovernment stimulusNSWOpinionViewpointsWorld
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Commentary The new Premier of New South Wales (NSW), Dominic Perrottet, and his Treasurer Matt Kean announced $2.8 billion (US$2.1 billion) of new spending last week, which in their words is to “turbocharge the NSW recovery.” It was not billed as a mini-budget—but it could have been. As a test of the Perrottet government’s approach,…

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