<iframe src="//www.googletagmanager.com/ns.html?id=GTM-K3L4M3" height="0" width="0" style="display:none;visibility:hidden">

Features Australia

Chalmer’s fatal flaw

The economy is grinding to a halt

9 November 2024

9:00 AM

9 November 2024

9:00 AM

Picture the scene. Israeli Prime Minister Benjamin Netanyahu is in his situation room. He is minutes away from giving the green light to bomb Iranian targets. An adviser puts a diplomatic cable into his hands. It’s from the Israeli delegation at the IMF and World Bank annual meetings.

It reports that Jim Chalmers, the Australian Treasurer, has told the assembled ministers that an ‘escalation in the Middle East risks more persistent inflation for the global middle class’ (repeated in his op-ed, ‘Building economic buffers crucial in an unstable world’, the Australian, 26 October).

Already a subscriber? Log in

Black Friday sale

Subscribe today and get 10 weeks of The Spectator Australia for just $1

  • Unlimited access to spectator.com.au and app
  • The weekly edition on the Spectator Australia app
  • Spectator podcasts and newsletters
  • Full access to spectator.co.uk
Or

Unlock this article

REGISTER

You might disagree with half of it, but you’ll enjoy reading all of it. Try your first month for free, then just $2 a week for the remainder of your first year.


Comments

Black Friday sale

Subscribe today and get 10 weeks of The Spectator Australia for just $1

Already a subscriber? Log in

Close