The Economy, Stupid

GDP is meant to measure economic progress, yet even war can make it rise. So what exactly is it measuring?

What happens when the nation’s wealthiest state gets extra funding on top of a needs‑based system? Since 2019, Western Australia has received a special billion‑dollar boost that no other state gets, and now the deal is under review. WA wants it to stay. The rest of the country is paying for it. So is the arrangement justified, or overdue for a rethink?
Guests:
Saul Eslake, Economic consultant and former chief economist for ANZ and Bank of America Merrill Lynch in Australia
Matt McKenzie, Economics writer for The West Australian

Australia does something a bit weird: if you make money selling a house or shares, you get taxed at half the rate you’d pay on your actual job. Nice if you’re the one pocketing the profit… not so great if you’re trying to buy your first place and keep getting outbid by investors.
People have argued about this discount for years; it’s political TNT. Bill Shorten tried to change it twice and got burned both times. Now Labor’s back in government, the issue’s landed in a Senate inquiry, and it’s shaping up to be the first real showdown between Treasurer Jim Chalmers and newly appointed Opposition Leader Angus Taylor.
Is this tax break helping the country or just helping those already ahead? And if we tweaked it… would anything actually get better?
Guests: 
Brendan Coates – Program Director, Housing and Economic Security, Grattan Institute.
Cathal Leslie – Generation Z economist who has worked at the Productivity Commission, the Australian Treasury, and the OECD in Paris, now working in the AI sector.

Spending is outpacing revenue, and the budget gap isn’t closing.
At the same time, Australia is drifting off track on its emissions targets for 2030, 2035 and 2050.
The Superpower Institute has a proposal: a revamped carbon pricing model it says could help fix both.
Australians rejected carbon pricing more than a decade ago.
The question now is whether the country is ready to reconsider? 
Guests: 
Ingrid Burford, Lead, Carbon Pricing and Policy, Superpower Institute
Ben Potter, contributing Editor at The Energy
Superpower Institute: The Case for Pricing Pollution: Reducing emissions, strengthening the economy, and delivering a fair share for Australians

The Reserve Bank has lifted rates, and if you’ve got a mortgage, you’ll feel it fast. 
A typical borrower on a $600,000 loan is up around $90 a month for a single hike, and if more follow, the hit multiplies. 
Is inflation really back, or is the Bank overreacting? And what would more hikes do to jobs and house prices?
Guests: 
Michael Pasoe, writes for Michael West Media
Cherelle Murphy, the Oceania Chief Economist for the consultancy firm EY