Listen to the audio interview<\/a><\/p>\nThe CIS has launched a TARGET 30<\/strong> campaign to restrict government spending — currently 35 percent of GDP — to 30 percent. <\/p>\n","protected":false},"excerpt":{"rendered":"Michael McLaren from 2GB speaks with Benjamin Herscovitch, Policy Analyst at The Centre for Independent Studies, who discusses the dangerous growth of the welfare state in Australia. Listen to the audio interview The CIS has launched a TARGET 30 campaign to restrict government spending — currently 35 percent of GDP — to 30 percent.<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[40,5],"tags":[],"class_list":["post-7583","post","type-post","status-publish","format-standard","hentry","category-australia-nz-countries-regions","category-economy"],"yoast_head":"\n
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The same\u2026","rel":"","context":"In "Australia & NZ"","block_context":{"text":"Australia & NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":6404,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/12\/09\/insight-making-france-work-again-reuters\/","url_meta":{"origin":7583,"position":1},"title":"Insight: Making France work again | Reuters","author":"Colin Twiggs","date":"December 9, 2012","format":false,"excerpt":"Marc John identifies the challenges facing France and how it can recover its lost vigor. In just over 30 years after World War Two, France lifted itself from the ignominy of Nazi occupation into a sleek and modern Group of Seven economy with world-beating industrial champions in sectors such as\u2026","rel":"","context":"In "Economy"","block_context":{"text":"Economy","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":7534,"url":"https:\/\/thepatientinvestor.com\/index.php\/2013\/04\/23\/the-magic-pudding-state-the-drum-opinion-australian-broadcasting-corporation\/","url_meta":{"origin":7583,"position":2},"title":"The magic pudding state – The Drum Opinion (Australian Broadcasting Corporation)","author":"ColinTwiggs","date":"April 23, 2013","format":false,"excerpt":"Benjamin Herscovitch writes: It seems many of us have been taken in by the conceit that the welfare state can offer never-ending free lunches. We expect governments to offer more social security payments, health care, education, etc., all the while assuming that we will not have to pay for it.\u2026","rel":"","context":"In "Australia & NZ"","block_context":{"text":"Australia & NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":6011,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/11\/04\/australia-falling-job-ads\/","url_meta":{"origin":7583,"position":3},"title":"Australia: Falling job ads","author":"Colin Twiggs","date":"November 4, 2012","format":false,"excerpt":"ANZ job ads fell 4.6 percent in October after a 3.9 percent fall in September. The index is down 15 percent over the last year. From ANZ: \"The ANZ job advertisement series measures the number of jobs advertised in the major daily newspapers and Internet sites covering the capital cities\u2026","rel":"","context":"In "Australia & NZ"","block_context":{"text":"Australia & NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":9520,"url":"https:\/\/thepatientinvestor.com\/index.php\/2014\/03\/19\/australia-weaker-dollar-will-boost-economic-growth\/","url_meta":{"origin":7583,"position":4},"title":"Australia: Weaker Dollar will boost economic growth","author":"ColinTwiggs","date":"March 19, 2014","format":false,"excerpt":"....The paper, written by staffers from the RBA\u2019s Economic Analysis Unit says that a temporary 10% depreciation in the real exchange rate for the Aussie dollar can increase growth by between a quarter and a half of a percent over 2-3 years. Read more at RBA Modelling Shows Precisely How\u2026","rel":"","context":"In "Australia & NZ"","block_context":{"text":"Australia & NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":15049,"url":"https:\/\/thepatientinvestor.com\/index.php\/2017\/03\/25\/more-evidence-of-a-bull-market-except-in-australia\/","url_meta":{"origin":7583,"position":5},"title":"More evidence of a bull market, except in Australia","author":"ColinTwiggs","date":"March 25, 2017","format":false,"excerpt":"One of my favorite indicators of financial market stress is Corporate bond spreads. The premium charged on the lowest level of investment-grade corporate bonds, over the equivalent 10-year Treasury yield, is a great measure of the level of financial market stress. 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