If it didn’t matter so much it would be amusing watching L-plate Treasurer Josh Recessionberg make no sense, via the AFR:
Treasurer John Frydenberg has endorsed Future Fund chairman Peter Costello’s call that further interest rates cuts won’t boost the economy all that much and insisted the government is developing a productivity agenda.
“Peter Costello is absolutely right that it’s a law of diminishing returns once you start to reduce interest rates below a certain amount, the impact on the economy is reduced,” Mr Frydenberg said on Friday.