The Joe Walker Podcast Richard Holden & Steven Hamilton — How Australia Gets It Done [Aus. Policy Series - LIVE]
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Mar 4, 2025 Richard Holden, a UNSW economics professor, and Steven Hamilton, an assistant professor at GWU, delve into Australia’s impressive state capacity. They discuss the effective economic interventions during COVID-19, examining the successes and failures of vaccine procurement. The conversation shifts to the complexities of federalism and housing challenges, as well as the need for reforms in unemployment insurance. Holden and Hamilton also highlight the role of local governance in crisis response, advocating for improved strategies to enhance public trust and accountability.
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Recession Spending
- During recessions, prioritize addressing the substantial welfare loss from unemployment.
- Don't overemphasize spending concerns in these situations; the cost of inaction is greater.
Treasury Insights
- Hamilton's Treasury experience highlighted the dedication of public servants, often unfairly demonized.
- However, it also revealed inefficiencies, with some teams being overstaffed.
Centralization of Power
- Power in Australia has centralized in the Commonwealth and its central agencies (DPMC, Treasury, Finance).
- These agencies act as gatekeepers, vetting policy proposals from other departments.
