Hi woodukTo cherry pick his storyThe Australian Most private...

Hi wooduk

To cherry pick his story
The Australian

Most private debt has been to fund housing not productive investments

Austerity measures seldom work without structural reforms like changes in taxes, regulations and labour market policies

Australia’s total debt is now 220 per cent of GDP

Governments always take the easy way band aid effect and forget the bigger picture.

Austerity methods have not worked elsewhere except to paper over the cracks