If interest rates are to be considered a political football, the 2007 Federal election was the Grand Final. They have becomes such a fixture of economic discussion that’s it’s hard to imagine we’ll ever move past it, but I’m hoping this was the last time they will feature so prominently in an election debate. So let’s put the issue to bed.

The Coalition were guilty of misleading the public on nearly all aspects of the way role interest rates play in our economy. In 2004 they made as much hay as they could out of this, and paid a price for it. Why couldn’t they resist the temptation? Well, we all know that Australia is awash in a sea of debt. The numbers certainly attest to the fact that Aussies were sensitive to interest rates in their political leanings. (more…)

The Australian Bureau of Agricultural and Resource Economics latest report indicates that we are to be one of the countries worst affected by global warming with a decrease in agricultural production on the order of 17%. This figure pales in to comparison to India’s 25%, truly a scary number when you consider how many mouths that 25% is feeding. We hardly needed any more reminding, but the visions of our planet’s broiling future keep on coming. (more…)