The piece compares New Zealand's fiscally restrained economic approach to Australia's fuel subsidies and expansive spending, arguing that Australia's policies are fueling inflation and economic instability, while New Zealand's post-COVID caution offers a more sustainable path.
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Like a school report, the IMF forecast for the global economy arrived in yesterday's post, of course, no one escaped the Trump carnage, the UK particularly. Hitler leaves in trouble. We'll talk a lot about that later. As is potentially Australia. Now Australia was warned specifically. Not to exacerbate wartime inflation, it was a slapdown, it was a mark against the government, it was a big reveal into the way that Albo and his cronies are running the place at the moment. The reference was to a debate that's been going on since the last election in Australia. Is government spending driving inflation? The answer of course is yes, but the government denied. So the IMF laid the truth bare. They were warning against a spend-a-thon in the coming budget which is not far away. Australia's inflation, as you already know, is already way worse than ours. And for very obvious reasons, they keep handing out money they don't have. We should be proud of our wartime approach, as I've said before, as hard as it may be for some to stomach. Handouts are easy, and Australia's yet again fallen into the trap. It will hurt them more in the long run, but they don't seem to care. It dovetails, I think, into the Labour approach here, which is to basically say nothing policy-wise, but also, dare I suggest, they've finally worked out that the traditional opposition line of promising free money is no longer to be. longer tolerated here because of the carnage that Labour caused in COVID, the results of which are still too real, too raw for them to run the old playbook. So they're snookered basically, with a government that is fiscally mature and restrained, they can't be seen to be loose and flagrant. But no such luck in Australia. Tax is cut on petrol so every millionaire Ferrari driver gets a subsidy. Big companies are forced to pay the extra on previously signed contracts so small companies don't have to. There seems no amount of gerrymandering Albanese won't get amongst. amongst and the IMF has seen it all if you want to see a cost of living crisis in real time that puts ours into some relief look at Australia like COVID or the financial crisis or the war the government you get in dark days is pure luck see in 2019 ours ran out this time round it's Australia's turn to see what economic damage amateurs from the left can do I know where I would rather be
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gerrymandering and policy failure exposed
Mike's Minute: The reality of NZ vs Australia's fuel responseSocial-media signal on the same topic, drawn from the social lens. Engagement is likes + 2×shares + 3×replies, the same weighting used across the digest cards. View on /social →
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