Repeat after me: the Australian economy is not like a household budget | Warwick Smith

I highly recommend this article.

And although I often say you should never read the bottom half of the internet, the comments attached to this article are excellent. There are a couple of posters: JohnArmour, Themiddleground, LucidFugue (amongst others) who make some really good points. And then there are the comments by the truly swivel-eyed lunatics, that just make you despair.
Our political and economic thinking has been warped by bad analogies to the point where we can’t see the real economy. The Abbott government is happy to play along
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About ret56fe

Ohhh, that guy.
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