Drowning Recessionberg grabs Labor policy life saver

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Basically everybody can see that Josh Recessionberg is an idiot. The AFR can:

Corporate Australia doesn’t need advice on capital allocation from the Treasurer.

Josh Frydenberg has no skin in the game of capital allocation, unlike board directors who need to explain to their shareholders once a year – rather than every three years for a politician facing re-election – why precious dollars were split between capital expenditures, operating expenditures, debt reduction, dividends and buybacks.

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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.