Australia’s Climate Policies Are Fueling A Perfect Economic Storm

[rebewranger]

Australia’s Climate Policies Are Fueling A Perfect Economic Storm

WRITTEN BY JOHN ANDRIANO ON JUN 10, 2022. POSTED IN LATEST NEWS
 

Successive Australian governments are directing our economy into the eye of a perfect storm. It should be avoidable, but due to their failure to consider fundamental economic principles, it has become inevitable.

Australia entered the Covid pandemic period in early 2020 well placed economically. … [bold, links added]


In order to prevent a revolt, the federal government provided massive stimulus packages to businesses and the population at large.

In doing so, it borrowed enormous sums of money on top of an already existing budget deficit. In addition, the federal government spent more money on double vaccines for every individual, on Covid testing, and on booster shots.

https://climatechangedispatch.com/australia-climate-policies-fueling-perfect-economic-storm/

[Kamaji]

Another western liberal government proving (as if more proof was needed) that modern monetary theory type spending doesn't work.

[LMAO]

Another western liberal government proving (as if more proof was needed) that modern monetary theory type spending doesn't work.

And, no, it isn't failing because "the right people aren't in charge."

[IsailedawayfromFR]

Another western liberal government proving (as if more proof was needed) that modern monetary theory type spending doesn't work.

I speculate the Chinese have been subversive to destroy this country's economy in order to ultimately make the country a vassal of of China.  Australia has the resources China needs to move up to the next level of economic strength and world power.

I think Clancy had it wrong when his book showed China looking north to a country with a relatively strong military, as they may be looking south instead to a country with a weak military that believes the ocean can protect them.