Foghorn: More tax cuts now!

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Terry McCrann is back with his own brand of abuse today:

Treasurer Josh Frydenberg is dead right not to throw away his Budget surplus by embarking on another 2009-style spending binge.

But he is just as precisely dead wrong not to seize the opportunity to borrow a lot — and I mean a lot — of money at these near zero interest rates and to especially lock the low rates in for up to 30 years.

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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.