Business
Don’t worry about the debt: we need more stimulus to avoid a prolonged recession – The Conversation AU
Borrowing to reduce unemployment and increase growth will pay for itself.
After two decades equating budget surpluses with good economic management, it might seem convenient that the federal government has changed its fiscal strategy just before the budget to focus on jobs over keeping the deficit in check.
But its the right move. The world has changed in ways that make government spending more necessary and government debt more sustainable than ever.
Debt talk still dominates newspaper headlines and many of Treasurer Josh Frydenbergs media appearances. But it shou…
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