The rise and rise of Pasconomics, otherwise known as the worship of the confidence fairy, is fast choking off the flow of oxygen to the Australian brains trust. Following the RBA’s refrain in Parliamemt last week, the whining about confidence has reached fever pitch across the media. In just one example entrepreneur Josh Liberman appeared at The Australian to claim:
“Government should be identifying what competitive advantages Australia has as a nation. And, based on that, backing industries where we have that competitive advantage as a world leader,’’ he tells The Weekend Australian in a rare interview.
“Backing them in terms of tax planning and structuring and support overseas, including providing foreign offices for marketing, sales and distribution.’’
