Going boldly backwards

View Article

FINALLY, after a long wait, coupled with various leaks, it was released. The latest Star Trek movie came out just last week, and it didn't disappoint. It was a modern update of old themes that pleased most and was satisfying, provided you didn't think about the plot too much.

The same can be said of the federal budget. The themes are as old as macroeconomics — expect to lose tax revenue in a recession but don't try to claw back expenditure because this will cost you prolonged woes. But there is a modern twist, ranging from new infrastructure projects to research spending tantalisingly titled "Super Science". In the end, it is hard to know what to make of it all, and the last thing anyone wants to do i…   [Read Full Text]