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Griffith University professor, Tony Makin, has a long history of attacking government fiscal intervention in the economy.
As noted by Ross Gittins, Makin is “the go-to guy for anyone who’d like an independent report asserting that fiscal policy doesn’t work – never has and never could”.
Predictably, Makin was a harsh critic of the Labor Government’s fiscal stimulus during the global financial crisis (GFC). He published a paper, entitled The Effectiveness of Federal Fiscal Policy, slamming Labor’s response.
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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.
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