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The Dismal Science

May 28, 2021

Global supply chains are breaking down with not enough capacity to meet demand for everything from semiconductors to furniture. What is going on and will it lead to an outbreak in inflation? Plus, the IMF's plan to end the COVID-19 pandemic.


May 21, 2021

Unemployment keeps ticking down but wages still aren't moving. So is the relationship between unemployment and inflation broken? Plus, the latest confidence numbers, productivity in the care economy and BitCoin's wild ride.


May 14, 2021

This year's budget embeds the fiscal revolution that began last year. We look at what's in this big spending budget and whether the debt is sustainable. Plus, the RBA's latest forecasts and US jobs disappoint. Apologies for Ivan's awful audio this week - we had some technical difficulties recording remotely.


May 7, 2021

We parse the latest statements of the RBA and US Treasury Secretary Janet Yellen for hidden meaning on the recovery of the economy. Plus, house prices, a budget preview and sin taxes.