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Australia’s “productivity tsar”, Professor Gary Banks, was the long‑serving founding Chair of the Productivity Commission (1998-2013).
Back then, you could trust the Productivity Commission to deliver sound advice grounded in evidence.
Sadly, after Banks departed as chair in 2013, the Productivity Commission lost its way and became politicised.
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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.