Ross Gittins

Ross Gittins

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.
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How population growth can make us worse off

Ross Gittins Increasing the population while leaving our stock of household, business and public capital unchanged, dilutes that capital. Lower immigration would help reduce a lot of our economic problems.

World less scary when you look behind the news

Ross Gittins

Ross Gittins The question is whether we're capable of absorbing all the bad news delivered to us without unconsciously deciding the world is much worse than it actually is.

Comments 19

Debt-and-deficit brigade may bring us down

Ross Gittins dinkus

Ross Gittins If the economy runs out of steam in the next year or two – and maybe even falls backwards – with unemployment climbing rapidly, there'll be plenty to share the blame: federal and state...

Comments 59

IMF research confirms paying more to the poor will build the economy

Ross Gittins

Ross Gittins Economists insisting that governments have to choose between equality or growth aren't keeping up with their reading.

Comments 59

Don't believe that Tony Abbott stands for lower taxes

Ross Gittins

Ross Gittins Tony Abbott did so well at the last election with his scare campaigns against the carbon tax and the mining tax it seems he thinks his best chance of re-election is another scare campaign on tax.

Comments 68

Has monetary policy lost its power?

Ross Gittins

Ross Gittins Perhaps the biggest question in macro-economic management today is whether monetary policy has lost most of its power to get the economy moving. To many of us the answer seems obvious.

Comments 41

Our new charter of budget dishonesty

Ross Gittins

Ross Gittins The federal budget papers are littered with tricks and loopholes to keep voters in the dark

Comments 66

There is more work around but less well-being

Ross Gittins Anyone who's sure they know what's happening in the economy is either a liar or a fool. Last week the Bureau of Statistics' national accounts told us things weren't too flash in the economy up to the...

Comments 48

KPIs a dumb way to encourage performance

Ross Gittins

Ross Gittins You've been doing good work lately, and the boss is thinking of acknowledging your contribution. How would you like to be thanked? With a bonus, or with some kind of award?

Comments 81

Economy spins wheels, but lacks traction

Ross Gittins

Ross Gittins The economy may have grown faster last quarter than business economists were expecting, but that tells you more about their forecasting ability than the economy's strength.

Comments 79

Hockey's return to surplus not credible

Ross Gittins dinkus

Ross Gittins How could the Treasurer announce so many giveaways and backdowns but still claim that "our timetable back to a budget surplus is unchanged from last year"?

Comments 181

Looking under rocks for above-trend signs

Ross Gittins

Ross Gittins With bad news this week from the March quarter survey of business capital expenditure, we need cheering up. Fortunately, budget statement No.

Comments 6

Politicians and media to blame for 'dumbing down' news

Ross Gittins dinkus

Ross Gittins As intensified personal ambition has heightened competition between the parties, unwritten rules that certain subjects were off limits to the political contest have gone by the board.

Low interest rates mean it's no longer business as usual

Ross Gittins Say you win $10,000 in a lottery, but are offered the choice of receiving the money now or in three years time. Which would you pick?

Comments 49

Don't trust the knockers of Treasury forecasts

Treasury secretary John Fraser

Ross Gittins Official forecasters are the only honest players in this game.

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Federal budget 2015: Small measures and a media circus

Ross Gittins

Ross Gittins As an exercise in media manipulation, this week's budget scores top marks.

Comments 46

Federal budget 2015: A budget that will restore political fortunes but at a cost

Ross Gittins

Ross Gittins This is the budget of a badly rattled government that has put self-preservation ahead of economic responsibility.

Comments 174

Federal budget 2015: Australia needs a stimulatory, deficit-cutting budget

The prospect of a decade-long budget repair process is a long way from where the debate stood two years ago, when Treasurer Joe Hockey was still telling voters a return to surplus was a matter of years away.

Ross Gittins To be bringing down our eighth budget in a row with a substantial deficit when, according to popular opinion, we didn't even have a recession, is pretty hard to explain.

Comments 70

Meet Western Australia, our state in denial

Ross Gittins

Ross Gittins Remember the two-speed economy we used to hear so much about? Well, no one in the media has thought it worth mentioning, but it's gone away.

Comments 40

Federal budget 2015: The budget circus isn't the whole show

Ross Gittins

Ross Gittins The budget is worthy of the attention the media give it, but not for the reason many people imagine.

Comments 51