The John Hyde Archives
Historic archive of articles and newspaper columns written by former Australian politician John Hyde OAM.
Currencies & Commodities
An evaluation of OECD cures for economic ills
Economics Currencies & Commodities Economics
- General world economic downturn, poor world commodities markets and the drought have caused Australia to suffer a shock worse than Japan's oil shocks.
Missing out on devaluation
- Full indexation of the Australian dollar at this time of declining economic fortune would be disastrous.
The Australian Dollar
Currencies & Commodities Monetary Policy
- If the Australia dollar is unable to maintain stability internally (inflation) and externally (exchange rate), then Australians will demand payment in something else they can trust in.
Inflation
Economics Currencies & Commodities
- To prevent inflation, people must be given reason to expect that prices of things they buy will stop rising.
- Currency management should be done independently from the government by the Reserve Bank and the board of the Reserve Bank held to account.
Risk
Currencies & Commodities Business
- Although new technologies bring risks, they also confer benefits and the two cannot be separated. Nuclear power generation is the cheapest form of power generation and would elevate the pressure on coal and oil supplies.
Of Uranium and Wool
Protectionism Currencies & Commodities
- Australians have learnt that we cannot control the behaviour of the rest of the world and we would be better off selling uranium that we produce to parties that are strictly vetted.
The Real Exchange Rate
Currencies & Commodities Monetary Policy Economics
- The solution to our problems is to raise productivity by deregulating and privatising and encouraging saving.
- The coming devaluation of our currency will increase inflation can be prevented by increasing wages and other costs as long as necessary.
How to Create an Oil Crisis
Economics Business Currencies & Commodities
- If you stop oil companies from making profits, they will stop delivering fuel to our vehicles, the situation would be made worse.
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.
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.