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Living standards fall as unreliables rise

By Geoff Carmody - posted Friday, 16 August 2024


Use evidence-based analysis to develop policy solutions. Remember evidence-based policy? It's the antithesis of simplistic, sloganised, impractical, 'in your dreams', ideology. Current government policy announcements often sound more like oft-repeated religious mantras.

Start with an objective audit of what's gone wrong. If we don't understand why things have gone wrong in the past, how can we possibly fix them in future? Ignore the past and you'll be forced to re-learn history's lessons.

Encourage 'frank and fearless' advice. Once, that was what the 'official family' was required to deliver. We can't know what in-confidence advice is provided today. Indeed, we shouldn't, lest that constrain the advisers.

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But I worry:

Frank and fearless?
Do I dare?
Just tell me what
you want to hear.

may be where we're going.

If these lessons are absorbed, maybe we can start boosting living standards once more.

And, on the way, using reliables, keep the lights on.

 

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About the Author

Geoff Carmody is Director, Geoff Carmody & Associates, a former co-founder of Access Economics, and before that was a senior officer in the Commonwealth Treasury. He favours a national consumption-based climate policy, preferably using a carbon tax to put a price on carbon. He has prepared papers entitled Effective climate change policy: the seven Cs. Paper #1: Some design principles for evaluating greenhouse gas abatement policies. Paper #2: Implementing design principles for effective climate change policy. Paper #3: ETS or carbon tax?

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Creative Commons LicenseThis work is licensed under a Creative Commons License.

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