The free market: no problems, ever!

From the number of retirees experiencing poverty to the lack of competition in the banking system, the state of Australia’s economy leaves a lot to be desired, says Greg Jericho.

On the 50th episode of Dollars & Sense, Greg and Elinor discuss nuclear power furphies, the latest inflation data and how much the big four banks are profiting from home loans.

Greg Jericho is Chief Economist at the Australia Institute and the Centre for Future Work and popular columnist of Grogonomics with Guardian Australia. Each week on Dollars & Sense, Greg dives into the latest economic figures to explain what they can tell us about what’s happening in the economy, how it will impact you and where things are headed.

Host: Greg Jericho, Chief Economist, the Australia Institute and Centre for Future Work // @GrogsGamut

Host: Elinor Johnston-Leek, Senior Content Producer, the Australia Institute // @ElinorJ_L

Show notes:

‘Labor’s actions to lower inflation have worked – so why is the RBA unlikely to cut interest rates next week?’ by Greg Jericho, Guardian Australia (October 2024)

Profit in home lending, the Australia Institute (October 2024)

Reducing poverty in retirement: the pension systems of Australia, Sweden and Norway, the Australia Institute (October 2024)

Off-peak hot water in the 21st century: smarter load shifting in the NEM, the Australia Institute (August 2024)

Theme music: Blue Dot Sessions

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