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The Latest Articles by Michael Pascoe

Michael Pascoe: The Greens’ HAFF-witted bid to make a complete farce of housing policy

The Greens have forced the Albanese Government to immediately spend an extra $2 billion at the very sharpest end of the housing crisis.

The New Daily

Michael Pascoe: Speech shows RBA clueless on employment

You can rely on the Reserve Bank to miss or downplay a major factor or two when it strays into what’s actually happening in Australia.

The New Daily

Michael Pascoe: IKEA and Netflix tax scandal overshadows shameful PwC saga

IKEA and Netflix are just two quick examples of the ongoing, massive and very successful tax minimisation industry here.

The New Daily

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Michael Pascoe: In defence of the RBA (no, seriously)

The RBA and whoever happens to be in government right now want unemployment up above 4 per cent to 4.25 or 4.5 per cent.

The New Daily

Michael Pascoe: The heartbreak of losing a beloved dog like Nixon

On Monday I tested positive for COVID. On Tuesday my dog died. It sounds like the start of a country and western song.

The New Daily

Michael Pascoe: Is the RBA acting out of spite or just lost the plot?

Passing without notice in April, the Reserve Bank pulled a neat little trick, apparently making multiple billions of dollars in losses “disappear”. I’ve

The New Daily

Michael Pascoe: No, the wage case shouldn’t panic the RBA

The FWC doesn’t want to turn the current rate of wage increases into something that will scare Phil Lowe & Co.

The New Daily

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Michael Pascoe: Why you might never see that ‘wage growth’ we hear about

One thing we know for sure about the RBA – it knows even less about the outlook for wage growth than it does about inflation.

The New Daily

Michael Pascoe: JobSeeker is higher than the minimum wage

The thing about increasing JobSeeker – both the government and the Opposition want to make the cut-off for it higher than the minimum wage.

The New Daily

Michael Pascoe: The ratings are in: Dutton’s a dud – a dangerous dud

Forget the various polls and pundits, the real voice of the Australian people has spoken: Peter Dutton is a dud – and getting worse.

The New Daily

Michael Pascoe: Higher education rates also key to generational gap on home ownership

Generational factors are more to blame for the housing crisis than hipsters’ love of expensive smashed avo on toast.

The New Daily

Michael Pascoe: You want more RBA independence, Treasurer? Cop this

“So you think the Reserve Bank board lacks ticker, Jim? You think the focus on getting inflation down needs to be sharpened? Well cop this.”

The New Daily

Michael Pascoe: The defence review written before it was started

The National Defence Statement 2023 is nothing if not predictable, quickly rubber stamping the nuclear-powered submarines.

The New Daily

Michael Pascoe: The fallacy at the heart of the Reserve Bank of Australia review

Instead of tackling the fallacy and lie, the review came up with this: 'There should be increased joint work between Treasury and the RBA'.

The New Daily

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The New Daily

Michael Pascoe: David Pocock offers sense amid stupidity on housing

Unsurprisingly, the fate of the Albanese Government’s election gimmick excuse for a housing policy has fallen into the standard Canberra sideshow of

The New Daily

Michael Pascoe: RBA has already made the case for stopping its rate rises

The Reserve Bank board minutes released on March 21 made a show of officially agreeing “to reconsider the case for a pause at the following meeting,

The New Daily

Michael Pascoe: Silicon Valley Bank downfall will increase nerves in a precarious sector

Silicon Valley Bank, an institution that specialised in tech, might seem a long way away from Australia, but we should take note.

The New Daily

Michael Pascoe: Household income crash worse than ’90s recession

The RBA has engineered a bigger crash in Australians’ real disposable income than they suffered in the 1990s recession

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The New Daily

Michael Pascoe: More rubbish about taxing super than you’ll find at the tip

In or out of superannuation, the serious money isn’t made by wages and salaries. It is made by capital gains on investments.

The New Daily

Michael Pascoe: The end of Russia’s invasion and Ukraine’s suffering looks to be years away

The Blitz didn’t break British spirit, bombing Germany didn’t break German spirit, Russia’s missiles haven’t weakened Ukraine’s.

The New Daily

Michael Pascoe: A sense of perspective, that’s the gift 50 years in journalism has given me

The privilege of journalism is its licence and duty to question and observe in order to interpret and report.

The New Daily

Michael Pascoe: Why the fearmongering about a China-US war is over the top

General Mike Minihan put in writing to his commanders the US and China would likely be at war in 2025 – a memo “leaked” to American media.

The New Daily

Michael Pascoe: Hey RBA, take another month’s holiday. We don’t want another recession

There was plenty in the December meeting board minutes to justify doing nothing on interests rates in February.

The New Daily

Michael Pascoe: There’s a quantifiable cost to George Pell’s style of climate denial

There are no Pellsian climate deniers in the insurance industry, haven’t been for many years as the dollar cost of climate change is counted.

The New Daily

Michael Pascoe: Liberal Party unable to be honest with itself, let alone the nation

“If you can’t be honest with yourself, you can’t be honest with anyone.” That little homily is playing out for the federal Liberal Party.

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