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Flat White

Forget the virus. We should be panicked by lost productivity

30 June 2021

1:27 PM

30 June 2021

1:27 PM

The very definition of harmful advice is found in the Treasury’s five yearly Intergenerational Report, the latest edition of which was handed down on Monday.  In The Australian, Treasurer Josh Frydenberg acknowledged “there remains much work to be done”, but praised the report for its policy guidance.    

In his piece, Josh quoted one of Paul Krugman’s rare insights “Productivity isn’t everything, but in the long run it’s almost everything”.  

But that quote was probably Josh’s sole contribution to the piece. 

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