Author Archives: bill

Welfare generosity increases commitment to work

In Australia successive governments (Labor and conservative) have refused to lift the unemployment benefit in line with inflation. As a result the real benefit has fallen dramatically and the unemployment benefit recipients now live well below the accepted poverty line. … Read the rest of this entry »

Posted in Unemployment Benefits | 6 Comments

Employment growth in the UK but of dubious quality

I am always amused when conservative politicians make claims like they created so many thousands or millions of jobs while in government. Typically, in Opposition they will claim that governments do not create any jobs, which justifies them introducing pro-business … Read the rest of this entry »

Posted in UK Economy | 7 Comments

Wage rises are required – real wages must grow in line with productivity

There was an interesting article in the UK Guardian last weekend (March 29, 2015) – Why falling inflation is a false pretext for keeping wages low – which examined wage trends in the UK and the validity of the argument … Read the rest of this entry »

Posted in Economics, Eurozone, Labour costs, UK Economy, US economy | 10 Comments

ECB should start funding government infrastructure and cash handouts

I was a signatory to a letter published in the Financial Times on Thursday (March 26, 2015) – Better ways to boost eurozone economy and employment – which called for a major fiscal stimulus from the European Central Bank (given … Read the rest of this entry »

Posted in Economics, Eurozone | 36 Comments

Saturday Quiz – March 28, 2015 – answers and discussion

Here are the answers with discussion for yesterday’s quiz. The information provided should help you work out why you missed a question or three! If you haven’t already done the Quiz from yesterday then have a go at it before … Read the rest of this entry »

Posted in Saturday quiz | 6 Comments

Saturday Quiz – March 28, 2015

Welcome to the Billy Blog Saturday Quiz. The quiz tests whether you have been paying attention over the last seven days. See how you go with the following questions. Your results are only known to you and no records are … Read the rest of this entry »

Posted in Saturday quiz | 1 Comment

Friday lay day – why not just subcontract out democracy!

Its the Friday lay day blog – and we will be brief today. There was a proposal aired in the ABC’s The Drum series (March 26, 2015) by an ABC finance journalist suggesting that – Maybe we need to subcontract … Read the rest of this entry »

Posted in Friday | 9 Comments

European Youth Guarantee audit exposes its (austerity) flaws

On Tuesday (March 24, 2015), the European Court of Auditors, which is the EU’s independent external auditor and aims to improve “EU financial management”, released a major report – EU Youth Guarantee: first steps taken but implementation risks ahead (3 … Read the rest of this entry »

Posted in Eurozone | 12 Comments

The neo-liberal emperors are naked and its not a good look

Recall back to the worst part of the GFC when the Australian government announced a relatively large fiscal intervention in late 2008, we had a swathe of financial market commentators predicting the worst. This article (published July 11, 2009) – … Read the rest of this entry »

Posted in Economics, Fiscal Statements | 11 Comments

Syriza must stay left of the line – more is at stake than Greece

There were regional elections in the autonomous community of Andalusia (Spain) over the weekend which saw the Spanish Socialist Workers’ Party (PSOE) hold onto power. The results showed that the left-wing political party – Podemos – which received nearly 8 … Read the rest of this entry »

Posted in Economics, Eurozone | 24 Comments