Posts in economics

Release: “It’s an alarming situation”: Queensland economist issues dire warning as Australia’s debt balloons

New modelling reveals Australia’s debt is growing at an increasing rate and is on track to trigger national bankruptcy by 2065. Based on current information, the debt model indicates the country’s total net debt will rise to match—and then surpass—GDP in 45 years.

Debt, economicsGuest User7 March 2022Australian debt, debt, GDP, Australia's debt

Release: ACCC’s move to ban “price gouging” could have disastrous consequences

Despite the good intention behind the idea, attempts to stop retailers from “price gouging” or raising the price of highly sought after Covid-19 RATs will only lead to a greater shortage of stock, exacerbate stockpiling and possibly create a black market.

economics, Covid-19Guest User21 January 2022price gouging, RATs, rapid antigen tests, Covid-19, ACCC, price ceiling