{"id":75958,"date":"2021-05-29T04:57:21","date_gmt":"2021-05-28T18:57:21","guid":{"rendered":"https:\/\/timesnewsgroup.com.au\/goldenplains\/?p=75958"},"modified":"2021-05-25T15:52:09","modified_gmt":"2021-05-25T05:52:09","slug":"wheeler-centre-ross-garnaut","status":"publish","type":"post","link":"https:\/\/timesnewsgroup.com.au\/goldenplains\/news\/wheeler-centre-ross-garnaut\/","title":{"rendered":"Wheeler Centre talk explores economic restoration"},"content":{"rendered":"

ECONOMIST Professor Ross Garnaut will present at the Ballaarat Mechanics\u2019 Institute next month as part of their partnership with The Wheeler Centre.<\/p>\n

Discussing the themes of his latest book, Reset: Restoring Australia after the Pandemic Recession<\/em>, the University of Melbourne educator will be in conversation with ABC Ballarat chief of staff Prue Bentley.<\/p>\n

They\u2019ll explore Garnaut\u2019s ideas for best COVID economic recovery, resulting in a stronger, more equal, thriving nation.<\/p>\n

\u201cThe book describes the shock that both we, and the world, had in economic matters, which was bigger than anything we\u2019ve ever had in such a short period before,\u201d he said.\"\"<\/p>\n

\u201cWe didn\u2019t do very well in the seven years before the pandemic, with unemployment stuck just over five per cent, when other developed countries started much higher, and then went much lower than us. Household income, per person, didn\u2019t rise for seven years either, which is unusual.<\/p>\n

\u201cHow do we get out of the pandemic economic shock, and what sort of an Australia do we want? It would be a mistake for us to go back to what we had going the way of America and Britain, where long periods of economic stagnation gave rise to governments unable to act in the national interest.\u201d<\/p>\n

Professor Garnaut said adopting pre-COVID policies will mean further foreign debt, an even more difficult trade situation, universities will be financially \u201ccrippled\u201d where they\u2019re usually \u201cdynamic\u201d sources of export growth, and trade of coal and gas will drop as the \u201crest of the world\u201d works to reduce their carbon footprint.<\/p>\n

\u201cWhere we were is not good enough,\u201d he said.<\/p>\n

\u201cWe should change our monetary and fiscal policy, make full employment our real objective, and the Reserve Bank\u2019s objective, and we should be prepared to run quite big budget deficits until we have full employment..<\/p>\n

\u201cWe need to change some aspects of our tax and social security system to encourage people to work more, give more support to working people on lower incomes, and more heavily tax activities that are not really contributing to investment and economic growth.<\/p>\n

\u201cThe third thing we have to do is embrace the new opportunities for zero emissions exports. Australia\u2019s in a special position; we have better sun and wind than in other countries, so we should be the low energy cost country of the world.\u201d<\/p>\n

BMI co-vice-president Paula Nicholson said Julian Burnside presented pre-pandemic at the previous, and first, Wheeler Centre talk in Ballarat.<\/p>\n

This was well-attended, and the BMI board is looking forward to the next event of the series with Professor Garnaut.<\/p>\n

\u201cWe are delighted to partner with the Wheeler Centre to bring high quality speakers to Ballarat, to share relevant and current issues, and encourage public discussion and learning,\u201d she said.<\/p>\n

Professor Garnaut will present on Wednesday, 2 June from 6pm to 7pm at the BMI. Book tickets at wheelercentre.com<\/strong><\/a> or ballaratmi.org.au<\/strong><\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

ECONOMIST Professor Ross Garnaut will present at the Ballaarat Mechanics\u2019 Institute next month as part of their partnership with The Wheeler Centre. Discussing the themes of his latest book, Reset: Restoring Australia after the Pandemic Recession, the University of Melbourne educator will be in conversation with ABC Ballarat chief of staff Prue Bentley. They\u2019ll explore […]<\/p>\n

Read More…<\/a><\/p>\n","protected":false},"author":139,"featured_media":75970,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[7],"tags":[],"post_folder":[],"class_list":["post-75958","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"acf":[],"yoast_head":"\nWheeler Centre talk explores economic restoration - Golden Plains Times<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/timesnewsgroup.com.au\/goldenplains\/news\/wheeler-centre-ross-garnaut\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Wheeler Centre talk explores economic restoration - Golden Plains Times\" \/>\n<meta property=\"og:description\" content=\"ECONOMIST Professor Ross Garnaut will present at the Ballaarat Mechanics\u2019 Institute next month as part of their partnership with The Wheeler Centre. Discussing the themes of his latest book, Reset: Restoring Australia after the Pandemic Recession, the University of Melbourne educator will be in conversation with ABC Ballarat chief of staff Prue Bentley. 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