Man with economics degree (Albo) discovers economics

For many Australians, their first introduction to economics comes in high school, often in a Business Studies class, where they learn the basics of commerce, such as supply and demand.

Despite this being a rather basic law of economics and broader civilisation, with changing price conditions related to supply and demand being reflected in archaeological evidence as far back as ancient Sumeria (up to 5,000 years ago), in Australia, it is too often a forgotten science when it comes to the nation’s policymakers.

Much like the apple falling from a tree and hitting Isaac Newton on the head, Prime Minister Anthony Albanese recently had a brainwave and finally discovered the demand side of the supply-and-demand equation.