Keynesian fiscal stimulus becomes Coalition pre-election pork
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A few weeks back, Houses & Holes asked “What kind of fiscal stimulus should Treasury be readying?”:
It is highly doubtful that Recessionberg will go for anything so crude as cash dumps though Labor probably will in H2. But by then it may be too late to avoid a nasty adjustment. The L-plated Recessionberg is also likely to resist the medium term stuff given the Coalition’s comprehensively stupid condemnation of it post-GFC. It will also fight anything related to climate change, alas.
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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.