Australian EconomyPodcasts

Treasury of Common Sense: Inflation and the immigration ponzi

Leith van Onselen
Thursday, 1 June 2023
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In this week’s Treasury of Common Sense with 2GB Radio’s Luke Grant, we discuss the following issues:

  1. Wednesday’s higher-than-expected monthly inflation indicator, and why soaring rent and gas prices could keep inflation higher for longer.
  2. The admission by RBA Governor Phil Lowe that Australia’s productivity performance has been hampered by the federal government’s extreme immigration policy.
  3. Why the focus on housing supply is misguided when Australia is running its largest immigration program in history.

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.