Homicidal economists cheer stimulus suicide

Friday 13 March 2020

“The economists” love the stimulus. At the AFR:

Australia is expected to avoid a recession, with Treasury forecasting 1.5 percentage point boost to the economy in the June quarter from the Morrison government’s stimulus package.

…Commonwealth Bank chief economist Michael Blythe said the stimulus would help Australia avoid a recession.

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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.