Productivity Commission joins immigration mind control

Tuesday 12 August 2025

The mind control underway in the Australian government today is something to behold.

I have repeatedly drawn attention to the RBA’s systematic erasure of the word “immigration,” which has completely trashed its credibility because it can’t forecast anything accurately if it does not make reference to the number one input into Australian macro.

Now, the Productivity Commission has caught the bug. So far, it has produced four immense reports on how to lift Aussie productivity without once using the word “immigration”.

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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.