John Adams: Budget worst financial catastrophe since 1788

I wouldn’t recommend listening to John Adams whine about the budget et al if you value your time. Most of it is garbage:

  • the virus is harmless (except it’s only harmless because we addressed it);
  • the budget has ruined Australia through unrecoverable public debt (except the RBA can buy all of it no worries at all);
  • we’ve promoted tyranny (except it’s just a short term health crisis);
  • Australia most ruined since 1788 (except for various wars, depressions and plagues along the way).

A sober Martin North leavened the tin foil barrage with some good points about budget structure and the lethality of the virus but it couldn’t hide the conspiratorial nature of his guest.

Here’s 40 minutes you’ll never get back:

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