“Tiny” Tim Wilson mounts house price rocket to power

Advertisement

At MB, we love “tiny” Tim Wilson.

His years as a libertarian politician feasting at the pubic teat, IPA attack dog, climate change sceptic and wind power champion, gay marriage campaigner and human rights wrecker, far-right culture warrior and “modern Liberal” have so come to epitomise the narcissism of political failure that following his career is irresistible.

Over the weekend, his comeback took shape:

Wilson, who is studying for a PhD in economics, on Sunday defeated young lawyer Stephanie Hunt, a former adviser to foreign ministers, and right-winger Colleen Harkin of think tank the Institute of Public Affairs.

He did not win a majority of votes in the first round of voting, which meant a second vote was required for him to claim the win.

In an unexpectedly tight result, Wilson beat Harkin by about 160-130.

In a statement afterwards, he said: “Our community is facing enormous challenges like cost of living, and home ownership getting further out of reach.

Households are under real cost-of-living pressure. Families are struggling to pay their mortgages. Grandparents are having to pick up their grandchildren’s school fees. I will fight every day to deliver real cost-of-living relief.”

I wonder if his PhD is on Hyman Minky’s ponzi-economics?

After all, Tiny’s idea of lowering the cost of housing by pouring trillions of super into a frantic bid for every remaining shack qualifies perfectly.

More likely, the doctoral thesis is deep research into the prevalence of landlords in Goldstein.

Advertisement

Anyways, credit where it is due.

Blowing property prices to the moon with the super solid rocket boosters will at least deliver a supply response of more dwellings to help contain rents.

Which is better than the homelessness super boom being offered by Labor and the Greens right now.

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.