The laptop's days as the flyer's weapon of choice look just about over.
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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Ross Gittins The macro managers' long-standing belief that the economy's "trend" rate of growth is 3 per cent a year or a fraction more has been challenged by the Bureau of Statistics' labour force estimates...
Ross Gittins Rummaging through the media's rubbish bins this week, I happened upon some good news. According to the Productivity Commission's annual update, the productivity of labour improved by 1.
Ross Gittins The parties divide on tax because there's no issue where the two sides' continuation of class warfare is more apparent
Ross Gittins You get the feeling Tony Abbott doesn't lie awake at night worrying about what our economic activity is doing to our natural environment.
Ross Gittins Every smarty knows that the economic turmoil in Greece and China must spell bad news for us, so when the turmoil caused the Aussie dollar to fall below US75¢, this was obviously the start of the...
Ross Gittins While we're busy scaring ourselves silly with the Greek crisis and China's crash, forgive me for intruding with some good news.
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.
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.
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...
Ross Gittins Economists insisting that governments have to choose between equality or growth aren't keeping up with their reading.
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.
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.
Ross Gittins The federal budget papers are littered with tricks and loopholes to keep voters in the dark
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...
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?
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.
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"?
Ross Gittins With bad news this week from the March quarter survey of business capital expenditure, we need cheering up. Fortunately, budget statement No.
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.
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?