Bring back Recessionberg

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This is how low things have sunk. MB gave Josh Frydenberg a fearful time as Treasurer for being irrepressibly inept.

We coined him Josh “Recessionberg” because an ill-fated campaign to deliver a surplus for the 2019 election drove the economy into the ground, embedded deflation, and put politics ahead of sound economic management.

But, in the Great Australian Decline, one can never say we are at the bottom. A little Josh Frydenberg tightening is precisely what the economy needs today versus the disaster playing out under Treasurer Jim “Chicken” Chalmers whose overspending and policy cowardice have cratered living standards.

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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.