The Economy, Stupid

California is seeking to introduce a tax on the wealth of billionaires. Is it time we did the same?

You're driving around looking for petrol, and you notice station after station charging exactly the same price.That could be because they are competing fiercely, and have cut prices to the point where they can't cut them anymore.Or it could be because they've coordinated. Professor David Byrne examined 1.6 million prices in order to find out.
Guests:
David P. Byrne, Ritchie Chair of Economic Research, The University of Melbourne. 
Megan Flamer,  Senior industry fellow, RMIT University.
Referred to:
Negotiating Coordination: A Study in Retail Gasoline, David P. Byrne, Nicolas de Roos et al, The University of Melbourne, March 14, 2026
Learning to Coordinate: A Study in Retail Gasoline, David P. Byrne,  Nicolas de Roos, The American Economic Review, July 23, 2018
Price Discrimination by Negotiation: a Field Experiment in Retail Electricity, David P Byrne , Leslie A Martin , Jia Sheen Nah, The Quarterly Journal of Economics, April 19, 2022
Consumer search and income inequality, International Journal of Industrial Organization, David P. Byrne, Leslie A. Martin, International Journal of Industrial Organization December 2021

Home prices are falling for the first time in more than three years. Is Labor's housing policy starting to work? And if prices come down, who wins and who loses? 
We unpack what's really driving the market, whether the budget's tax changes will make it easier to buy a home, what they mean for renters, and why Australia's housing affordability crisis can't be explained by immigration alone. 
Guests:
Matthew Bowes, Senior Associate, Grattan Institute
Maria Yanotti, Senior Lecturer in Economics, University of Tasmania
Referred to:
Housing market downturn deepens as demand headwinds build, Cotality, July 1, 2026
The housing crisis that Australia built, Brendan Coates, Grattan Institute, March 11, 2026
More homes, better cities: Letting more people live where they want, Brendan Coates, Joey Moloney, Matthew Bowes, Grattan Institute, November 5, 2025
Housing submarket spillovers and COVID-19: the increasing influence of Australia’s regional cities, María Yanotti et al, December 31, 2025
Housing Q&A, Diana Mousina, AMP, June 18, 2026
Statement 4: Tax reform for workers, businesses and future generations, Commonwealth Budget, May 2026

Now that the dust is beginning to settle, what has happened to Labor's tax reform? 
And what does the way the debate played out tell us about the limits to what governments can do in the future?

We are reliving the 1930s, according to author Viktor Shvets. Is there a peaceful way out?