Former Australian Treasury Official: Gene Tunny

Gene Tunny is a former official at the Australian Treasury. As an economist and director of Adept Economics, Gene is frequently sought for his views on economics and policy. In this interview Gene canvases a number of economic and tax issues ultimately settling on recommendations for a return to a cabinet-led, consensus approach to sound policy that is built on a multitude of counsel. -------------------------------------- Watch this episode on Youtube: https://youtu.be/vZjkWOLiDbc Listen to this episode: Follow Gene: linkedin.com/in/genetunny Gene’s book ‘Beautiful One Day, Broke The Next’: https://www.connorcourtpublishing.com.au/BEAUTIFUL-ONE-DAY-BROKE-THE-NEXT-Queensland%E2%80%99s-Public-Finances-since-Sir-Joh-and-Sir-Leo--Gene-Tunny_p_233.html -------------------------------------- 3:44 Ken Henry Tax Review: fundamental reform 4:44 Concept of buying reform 6:07 Resource rent tax vs royalties 8:36 Triumph and Demise: The broken promise of a Labor Generation 10:16 The difficulty of tax reform: States vs Federal 11:14 Stamp duty on properties 13:07 How do you get political reform through? 18:09 Marketing would help sell reforms 19:59 Are people interested in economics? 22:26 No limit to debt levels 23:40 Where is Aus going with its economic policy? 25:56 Inflation not spilling over into consumer prices 30:10 The difficulty to predict  inflationary consequences 31:23 Can you create money for needs that arise? Modern Monetary theory is voodoo economics. 37:26 US health system vs Aus Medicare 39:31 What are views inside Treasury 43:39 Jobkeeper and the pitfalls of designing and implementing things quickly 45:07 Vaccine needed to reopen Australia 47:58 Fear helped Anna P win the elections 50:00 The cost of a QLD lockdown vs order closures 51:50 Justifications and evidence haven’t been published for lockdowns and border closures 53:43 Anna Palaszczuk’s 1st term and economic handling 1:00:24 Palasczuk just dominating MSM re: covid and her keeping Qld safe 1:03:37 Stockholm Syndrome supporting Dan Andrews and Palasczuk 1:06:53 ‘Beautiful one day, broke the next’ Book about Qld debt 1:17:01 How would an economist run the states or Australia? 1:21:43 Predictions for the future