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    Which way is the economy heading?

    No contradiction, surely? You make the massive profits once your mine goes into production, at the same time reducing your workforce to 25% of what it was during the construction phase (according to another contributor here). The vision, I suspect, is of a mine worked entirely by robots and...
  2. T

    Which way is the economy heading?

    I wasn't citing war/post-wartime figures. As a proportion of GDP debt is much the same or slightly lower than the mid-1990s and interest payments are a third of what they were during that period. 'Australia has never faced this problem before' is just not true. We've not had a boom; we've had a...
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    Which way is the economy heading?

    In money terms, OK. But as a proportion of GDP current debt is nowhere near where it has been in the past https://theconversation.com/the-truth-behind-our-dangerous-public-debt-levels-13245 . But most of us are where we are because we've lived within our means and the government should do so to...
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    Which way is the economy heading?

    Government debt is about $300bn. That translates to around $14K per person. Debt isn't bad in itself - virtually all of us here borrow to acquire assets; borrowing across the economic cycle to finance consumption (in its widest sense) is. The government's actions so far show that they really do...
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