Infrastructure is not the answer

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NSW Treasurer Dominic Perrottet says the federal government should follow the state’s lead and provide “equitable funding” for critical projects such as Sydney’s Metro West to boost the economy.

Mr Perrottet said comments by Reserve Bank governor Philip Lowe that Australia should not “rely on monetary policy alone” were an endorsement of the approach of the NSW government.

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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.