Categories
Economics

Weakness in the economy? An insight from two taxi driver economists

THIS article is intended to be pretty light-hearted. It provides an insight into the strengths of the current Australian economy after talking with two aspiring amateur economist taxi drivers. Taxi driver 1 I was chatting with the taxi driver on the way home from work last week, and he was complaining to me that, despite […]

Categories
Economics

Economic recession 2008: measuring the strength of the economy

It’s the economy, stupid “IT’S THE economy, stupid” is a well known phrase that was widely used during Bill Clinton‘s 1992 presidential campaign against George Bush senior. The phrase was coined by Clinton campaign strategist James Carville and refers to the notion that Clinton was a better choice because Bush had not adequately addressed the […]