The Lockdown Depression is rushing towards us. Many in politics, media and industry are digging the hole deeper.
In the world, the number of people dying each year from car crashes, is more than one million.
There are strong disincentives to exploring Australian economic issues, in contrast to other social science disciplines.
For decades the major parties have deliberately kept the immigration issue off the political agenda and keep the migrant intake at supercharged levels.
The budget outlay was about 4.4 billion in 2019. The doubling of rent assistance to 8.8 billion would still be less than many other benefits.
Separating the diverse functions of money removes the conflicts that can arise between them.
The Chinese economy is almost back to full production, based on the view that they have already overcome the pandemic.
Editors and corporations don't want the media agenda fixed and focused, on the incalculable damage the virus is wreaking.
The US economy will have a large drop in GDP this year but a dramatic acceleration to over 6% next year
Once the coronavirus disaster ends or wanes, Australia will face difficult economic times for many years because of its growing debt.
So, on behalf of older Australians, I want to suggest that this plan be implemented as a matter of urgency and that we be given significant work to do to ensure that recovery is achieved quickly.
A plausible upper bound scenario would see Australia’s private consumption collapse by up to 20 per cent on 2019 levels (total $1.1 trillion) which would represent a loss of $220 billion to GDP.