Articles from John Quiggin
I got a message from a student asking about examples of renationalisation in Australia. Here’s my response
There hasn’t been much explicit renationalisation of business enterprises in Australia. What we have seen is
I was asked by a journalist about the long-term fiscal effects of the government response to the crisis. Here’s what I said
The New Daily asked me to write a bit on the question “What should/will the post-coronavirus economy look like?
Here’s what I sent
Back again with another Monday Message Board.
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It seems quite likely that we will soon see the introduction of a wage subsidy along the lines of that announced by Boris Johnson (himself now testing positive!) in the UK. That is, a payment to employers equal to 70 or 80 per cent of workers’ pre-crisis wages, in return for keeping them on for some period. That would be better than doing nothing beyond what has already been announced, but I have two big problems with it.
The ABC has an article quoting University of Melbourne epidemiologist Tony Blakely as saying (approvingly) that the object of the current “flattening the curve strategy is to smooth the path to herd immunity. Key quotes
You don’t go in too hard because you actually want the infection rate to pick up a bit and then hold,” he said.