Canberra’s modern monetary theory dreamers are lost wandering their wonderland

There are certain human inventions that the world would probably be much better without. Things like nuclear and biological weapons or the communist manifesto or perhaps even chemicals such as DDT or Agent Orange. And Australia has in its own way contributed to the list of humanity destroying inventions, the most notable being the City of Canberra. 

Contributing to the Australian Financial Review this week, Canberra resident and partner of Deloitte Access Economics, Chris Richardson writes: 

In many ways Australia’s biggest business has had a very good pandemic:

• Demand for its services soared when COVID-19 came to town, and it had to borrow lots to fund the necessary expansion in its activities.
• Yet markets were more…