canada goose outlet And they would be right.Inflation is, if anything, too low for the Reserve Bank’s liking, employment levels are surprisingly robust given what is happening elsewhere in the world and earlier this week Australia recorded its first current accounts surplus in 44 years. That has been driven by stronger than expected iron ore exports, mainly to China.The worst thing anybody, regardless of where they are positioned on the political spectrum, could do right now is to deliberately talk the economy down in attempt to score a cheap point or two. That would be silly, self serving and, in the longer term, in nobody’s interest.We don’t need a flock of Hanrahans mournfully crowing that “we’ll all be rooned” or a multitude telling the public all is for the worst in this worst of all possible worlds.Such prophecies have the unfortunate effect of being self fulfilling in that they undermine consumer confidence and would directly undermine the work the Reserve Bank has been trying to do with its recent interest rate reductions and that the Morrison government has been doing with tax cuts which have already put hundreds of millions of dollars back into the wallets of wage earners across the country.The lesson we learnt from the GFC is that when the going gets tough the government should deliver as much good old fashioned Keynesian economic stimulus as possible.Now is not the time to stress about getting the budget back in the black, even though the trade surplus makes that almost certain.Morrison and Frydenberg need to take advantage of the fact money has never been cheaper to kick start some of the many nation building infrastructure projects that have been left in the too hard basket for far too long.
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