AFR pygmy bites Matt Barrie’s ankles

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AFR wunderkind Mark Di Stefano pretends to care about the housing torture of his generation.

But as is the case with so many Millennials et al, the pursuit of change is cancelled when ideology overwhelms sense.

In recent days, Matt Barrie has delivered several knockout blows to the national conversation around housing, clearly directed at helping save Aussie youth.

But the AFR’s Rear Window author and hypocrisy monitor was having none of it, deploying a dizzying array of whataboutism and gotcha garbage instead of amplifying the message he purports to support

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Barrie’s presentations are phenomenally well-researched and evidence based yet De Stefano ignored the lot.

Hypocrisy much?

Meanwhile, De Stefano’s own paper continues the abuse of his generation:

The complexity of housing, and the lack of silver-bullet solutions, will dog whichever party, or parties, form government after the election.

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As Barrie argues, there is a silver bullet solution: it is to slash immigration to zero so that supply can catch up and rents reverse.

Prices will rise for while anyway as the cash rate collapses but that will stop soon enough as demand and supply come into balance.

If these kids are not careful, those that still give a %$#@ about their fate will give up out of shear frustration with their ideological self-sabotage.

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.