Balanced budget ‘like shooting the economy in the head’ – experts

Treating federal budgets like that of a household has starved economies of precious resources and has facilitated unprecedented levels of private and household debt. Editor-in-chief Claire Connelly explores the consequence of this logical fallacy in an excerpt of her upcoming book, How The World Really Doesn’t Work.

Billionaire Industrial Policy

When governments fund decades-long loss-making ventures that expand the economy’s production capabilities, we call it industrial policy. When a billionaire does it, we say it is markets at work. Dr Cameron Murray explores what effective industrial policy should look like.