Do-nothing Malcolm says no to super for houses

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From Do-nothing Malcolm just now:

This is a debate that’s gone round and round for a long time. I’ve read all of the speculation; standing here in Mumbai I won’t contribute to it although I’ve expressed fairly strong views about it in the past.

That was of course:

My own view is that would be a thoroughly bad idea.

It’s not what the superannuation system is designed to achieve. Housing affordability is a big issue in Australia but as we’ve demonstrated over many studies over many years, this is a supply side problem.

However, as we know, he would sell his children to stay atop the greasy pole so who knows.

About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.