Don't worry about the debt: we need more stimulus to avoid a prolonged recession
- Written by Danielle Wood, Chief executive officer, Grattan Institute
ShutterstockAfter 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 it’s the right move. The world has changed in ways that make government spending more...
Read more: Don't worry about the debt: we need more stimulus to avoid a prolonged recession