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Macro policy pitfalls and options

19/09/2020

Well worth reading

croaking cassandra

The sad sight of someone who has seemed to be a normally honourable man –  Greens co-leader James Shaw – heading off down the path of Shane Jones-ism, is perhaps a general reminder of the temptations of politics and power, but also of much that is wrong about how the government is tackling the severe economic downturn we are now in.   Fiscal discipline around scarce real resources, always pretty weak at the best of times. is flung out the window and there is a mad scamper for ministerial announceables, and thus rewards to those who successfully bend the ear of ministers in a hurry.  Connections, lobbying, and the ability to spin a good yarn seem to become foremost, with a good dose of partisanship thrown in too.   The extraordinary large grant to a private business  planning to operate a school is just the example that happens to have grabbed the…

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