McKibbin on what to do with the $60bn

Tuesday 26 May 2020

What to do with the “extra” $60b?
– broader coverage of Jobkeeper and
– think about how to spend in September because “the world economy is going to be in a bad state by that time”
Professor Warwick McKibbin on #TheBusiness last night pic.twitter.com/h0qnzHZzT7
— Elysse Morgan (@ElysseMorgan) May 26, 2020

My view is just boost JobSeeker to a living wage and let the cards fall where they may as other programs role off.

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.