Xenoponzi backs massive immigration

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By Leith van Onselen

Nick Xenophon is renowned for spouting some bad ideas (in addition to some good ones).

There was his toxic suggestion to allow first home buyers to raid their superannuation accounts to purchase a home, which was later replaced with a plan to provide first home buyers with easier access to credit. It was Xenophon that was so easily bowled over by the rentier cries of Andrew Forrest.

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.