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Features Australia

It’s the cost of government, stupid

Our economic crisis is due to a lack of creative destruction

19 October 2024

9:00 AM

19 October 2024

9:00 AM

Australia is not facing a cost-of-living crisis but rather a ‘cost-of-government’ crisis. A crisis borne of an inefficient and bloated government sector that continues to expand, hindering economic growth while fostering social and intergenerational tensions.

Contrary to the argle-bargle from some quarters, the basic principles of economics are simple. Economic growth is not a product of government planning or of consumer or government spending.

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