Ross Gittins is economics editor of the SMH and an economic columnist for The Age. His books include Gittins' Guide to Economics, Gittinomics and The Happy Economist.
The Americans' decision to drop their company tax rate to 21 per cent from the start of next year is unlikely to overcome our Senate's resistance to cutting our company tax rate to 25 per cent for big business. Which is no bad thing.
Christmas, we're assured, brings out our best selves. We're full of goodwill to all men (and women). We get together with family and friends – even those we don't get on with – eat and drink and give each other presents.
There are important lessons to be learnt from the latest news about where our strong growth in employment is coming from.
The theory of competition in markets has been well defined, but to what extent does it hold in practice?
One of the most significant economic developments of this year was realising how pessimistic many of our youth have become about their prospects of ever landing a decent full-time job.
There's no swear word in politics today worse than "neoliberalism".
Scott Morrison is right. We're experiencing "solid" growth in the economy – provided you remember that word is econocrats' code for "not bad – but not great".
Pettifogging proposals won't do the budget much good but will hit the poor hard.
A huge proportion of government spending on capital works is unlikely to yield much economic or social return to taxpayers.
The banks and other opponents of a royal commission into banking told us it would generate a lot of noise and expense without achieving anything of value. They'll probably still be claiming that when the just-announced inquiry has reported.
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