Terry McCrann backs MB against ‘Big Australia’ immigration

Monday 25 July 2022

After recently attacking “the boys at the MacroBusiness website [for] describing the RBA as the “lunatic RBA”” Terry McCrann has backed “the boys at the MacroBusiness website” in our stance against a return to ‘Big Australia’ immigration:

In March 2020 then prime minister Scott Morrison closed the international border.

There is a straight line from that decision to the 3.5 per cent unemployment number for June – the lowest it’s been in nearly 50 years…

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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.