Entries by Matt Nolan

Cartoon: Night classes

An excellent cartoon from Mike Moreu: The main thing for me is the question of “what is the social benefit”.  In part education increases the human capital of the individual, which is something that the individual should pay for, in another part education can be consumption (which the individual should pay for) and in a […]

June 09 unemployment pick

I haven’t picked a number yet.  I’m going 6.1% (seasonally adjusted).  I know, that is a huge increase on 5% in March, and it would take us past Australia’s 5.8% rate.  But unless I see the unemployment rate really moving then I don’t see this recession as (relatively) all that serious. Lots of people are […]

What an inflation targeting central bank would say

The RBA just left rates unchanged and they said: Inflation is gradually moderating, given the earlier decline in energy and commodity prices, and the effects of weaker demand on prices and labour costs. Given the current prospects for demand and output, this moderation should continue over the year ahead. The higher exchange rate over recent […]