Advertisement
Via Tim Toohey at Livewire:
In this titanic battle between huge negative shocks to labour income and generous fiscal payments, thinking through the relative strength of these opposing forces in the aggregate and over time is not without its challenges.
However, our analysis of each of the fiscal packages, inclusive of voluntary withdrawals from superannuation, when netted against the size of the income shock yields a surprising and somewhat pleasing result.
The full text of this article is available to MacroBusiness subscribers
Cancel at any time through our billing provider, Stripe
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.
Advertisement