Austrian Government: Will do more of same when unstimulus fails

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It’s ineptitude on a grand scale. First, put forth a policy that defies all basic economic logic, from Domain:

Small business is cautious about hiring more people during the pandemic despite incentives in the federal budget aimed at a business-led recovery from the recession.

…Peter Strong, head of small business advocates COSBOA, says the $4 billion measure is not a “huge motivator”.

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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.