Econobabble: How to Decode Political Spin and Economic Nonsense

Economics is like a tyre lever: it can be used to solve a problem, or to beat someone over the head.

What is econobabble? We hear it every day, when politicians and commentators use incomprehensible economic jargon to dress up their self-interest as the national interest, to make the absurd seem inevitable or the inequitable seem fair. This book exposes the stupid arguments, bizarre contradictions and complete lack of evidence upon which much ‘common sense’ about the economy rests in Austr...