The Latest From Geoff Kingston
As the COVID panicdemic raged, JobKeeper paid out $89b to workers forced to stay at home, with payments often higher than what people had received while working. More money out the door. Between 2019 and 2021, Commonwealth public debt rose from 35 to 48 per cent of GDP, the states going even further into hock. Here we might learn from the Swiss and the 'debt break' that has served them well since 2001
May 26 2023
19 mins