PUBLIC TALK: How to win a fight about the budget: How economic modelling is used to circumvent democracy and shut down debate
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How to win a fight about the budget: How economic modelling is used to circumvent democracy and shut down debate |
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An On the Edge public lecture by Richard Denniss, Executive Director, The Australia Institute.
The Federal Budget and much economic discussion is based on economic modelling. People who use economic models want you to think that modelling is boring. The last thing they want you to do is to pay attention. Economic models claim an amazing degree of precision and this is used by the people who commission them to build a case for their preferred policies and projects.
The recent Intergenerational Report (IGR) used modelling to scare the public into accepting that we can never afford to tackle climate change or spend more on health. But this modelling rests on ridiculous assumptions - like that income-tax rates will be cut every year between 2020 and 2055. In this lecture, Dr Richard Denniss will discuss how economic modelling has been used and abused on a range of issues.
Cost: Free, but RSVP required via the IAS website.
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