The John Hyde Archives
Historic archive of articles and newspaper columns written by former Australian politician John Hyde OAM.
Fiscal Policy
The 1983 Budget
- How much of the damage done by the previous budget can be undone.
- Displaying fiscal responsibility will enable the govt to be re-elected.
Unknown
Budget Fiscal Policy Monetary Policy
- A budget deficit is an unsatisfactory way to increase money supply.
- The prime role of a deficit is to conceal politicians' expenditures so that they can appear to be better managers than they actually are.
The Next Deficit
- With each succeeding deficit, either interest rates or lost opportunities will be higher.
- Easier for politicians to increase government spending rather than to decrease it.
Brookings on Deficits
Budget Monetary Policy Fiscal Policy Economics
- Aside from printing money, a govt deficit must be financed by bidding for the same funds that private investors seek.
- Brookings' objection to a high budget deficit is that it will reduce economic growth by increasing consumption at the expense of investment.
- Deficits allow govts to spend money that is not raised in taxes.
The Sage of a Pipe Line
Fiscal Policy Taxation Politics
- Taxpayers are slugged with the cost of infrastructure projects when the government decides to build a "monument". *Q
Cutting the Deficit
- Any increase of public sector spending above the current level 44% GDP is not sustainable.
Written on Turning Fifty
- The reliance on credit by the current generation will cause future generations to be in debt.
Oil Revenues
Welfare Taxation Fiscal Policy
- Revenue from the Bass Strait oil fields should be shared as widely as possible instead of being concentrated in unemployment benefits.
Sir Hal Colebatch
Politics Fiscal Policy Protectionism
- He stood against: 1) protectionism, 2) excessive borrowing and 3) legislation that compelled price controls.
The Trilogy
- The trilogy promises are: 1) reduction of the Federal budget, 2) no increase in tax revenue and 3) reduction of Federal budget outlays.
- There is a need to increase investment to meet the trilogy.
What Is the New Right?
Politics Industrial Relations Individual Rights Taxation Fiscal Policy
- Our wishes are to reduce union power, unfair business privileges, balance the government budget, reduced public expenditure and taxes, stopping the middle class from being ripped off, restore competiveness and protection of the family.
The Premier's Plan
- The premiers seem to be incurring disastrous debts in order to buy votes.
The Laffer Curve
- There should have been greater expenditure cuts to compensate for tax cuts on the low and middle-income taxpayers.
The Fiscal Problem
- Public sector borrowing requirement must be eliminated and the Commonwealth must move quickly to a modest surplus with the States coming close to fiscal balance.
The Deficit 1987
Economics Taxation Fiscal Policy
- When governments borrow rather than raise taxes, there are several consequences: 1) The young lose, 2) investments drop, 3) The country's credit rating suffers, 4) The police are required to force people to service the debt, 5) Foreign debt accumulates and 6) The government is tempted to inflate the currency.
The Budget
- The government has already implemented all the tax cuts it can afford and avoiding the real issue of expenditure. A good budget that does not achieve surplus of a billion without new taxes is a bad budget
Government and The Arts
- Governments are more interested in social messages than in evaluation and revelation when it comes to funding the arts.
- Another reason why the average man who isn't interested in the arts is forced to subsidise the arts is that civil servants and politicians fancy themselves to be part of the elite.
The Liberal's Tax and Spending Policy
Taxation Fiscal Policy Politics
- The overall thrust of the policy is pro-employment but falls well short of solutions for the problems outlined. Nevertheless, it is a step in the right direction.
Cut the Deficit and The Crap
- Tax cuts are highly desirable but only if a budget deficit is eliminated and government expenditure is reduced. A reduced deficit is a future tax cut.
US Trade Deficit
- With a deficit, the best thing that our government can do is to get out of the way of entrepreneurs that can take advantage of chances to produce goods and services.
Cutting Government
- Any expenditure cuts should be done in a timely manner by people who are familiar with budget outlays.
But for The Government's Help
Fiscal Policy Currencies & Commodities
- The McCoil Report estimates a saving of at least $10 per tonne of wheat if there was no government intervention.
Defence
- Defence is an area where government activity cannot be privatised. Defence can be made more efficient by privatising some support services.
Hayden's Pearls
Politics Fiscal Policy Monetary Policy
- Lax fiscal policies lead to tough monetary policies. There should be a balance between sufficient profit and employment. OECD countries need to exercise caution in subsiding trade and trade credits with Eastern European countries.
The State Budget
- When government use taxpayers' money, they get future generations of taxpayers into debt and they seldom use the monies as efficiently as the private sector. The government's issue is that it seldom a lack of specialist knowledge and a disregard for the public's opinion.
Australian And United States Deficit
Budget Economics Fiscal Policy
- Both the US and Australia have penalised investing by spending consuming more and will cause a reduction in productivity and hamper long-term economic growth.
The Election Result
Politics Budget Taxation Economics Fiscal Policy
- The election campaign extracted three promises from Bob Hawke: 1) no tax increases, 2) no increase in government expenditure without economic growth and 3) reduction in the budget deficit.
About
John Hyde OAM is a former Australian politician. He was elected as the member for the Division of Moore in Western Australia for the Liberal Party.
John Hyde OAM is the author of Dry: In Defence of Economic Freedom.