Panic, print and slash migrants

Wednesday, 26 April 2017

Via AFR today:

Australia should halve immigration and undertake a massive transport infrastructure program funded with money effectively “created” by the Reserve Bank of Australia, says former NSW Treasury secretary Percy Allan.

…He proposes having the federal government immediately slash skilled immigration from around 190,000 a year to 90,000, cooling annual population growth to 1 per cent from 1.5 per cent.

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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.