Now Chalmers lies about per capita recession

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Treasurer Jim Chalmers is an inveterate liar:

With opposition Treasury spokesman Angus Taylor declaring Australia was in a “household recession”, Jim Chalmers said GDP per capita had also gone backwards under the former ­Coalition government.

“If you care about per-capita living standards in this economy, you’ve got two options,” the Treasurer told parliament .

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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.