It’s not about debt, it’s about stimulating an economy in crisis
Many economists and analysts have fixated on the Treasury’s borrowing prospects, neglecting the bigger picture
09 July 2020 - 19:12
A submission by more than 100 economists, policy analysts and academics, calling on parliament to reject the supplementary budget, has drawn public criticism from the Treasury, business editors, Reserve Bank officials and the minister of finance himself.
Many of these responses fail to take seriously the underlying arguments of the submission. Many also uncritically accept the Treasury’s position, which should be taken seriously and scrutinised against existing evidence...
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