Pollies miss the point on infrastructure | | MacroBusiness<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"I fully support Leith van Onselen’s view on infrastructure investment: It is important to (as much as possible) take the decision-making for infrastructure investment away from the political process and instead place it in the hands of an independent authority tasked with maximising overall welfare and productivity at lowest cost. Picking infrastructure winners, based on … <\/p>\n
Continue reading “Pollies miss the point on infrastructure | MacroBusiness”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[40],"tags":[],"class_list":["post-8264","post","type-post","status-publish","format-standard","hentry","category-australia-nz-countries-regions"],"yoast_head":"\nPollies miss the point on infrastructure | MacroBusiness - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Pollies miss the point on infrastructure | MacroBusiness - the patient investor\" \/>\n<meta property=\"og:description\" content=\"I fully support Leith van Onselen’s view on infrastructure investment: It is important to (as much as possible) take the decision-making for infrastructure investment away from the political process and instead place it in the hands of an independent authority tasked with maximising overall welfare and productivity at lowest cost. 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GDP is made up of six components and they are not going well on balance: government consumption is strong and likely to stay that way; government investment is peaking as the NBN rolls off and infrastructure starts\u2026","rel":"","context":"In "Australia & NZ"","block_context":{"text":"Australia & NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":342,"url":"https:\/\/thepatientinvestor.com\/index.php\/2011\/08\/20\/innovate-or-die-macrobusiness-com-au-macrobusiness-com-au\/","url_meta":{"origin":8264,"position":2},"title":"Innovate or die – macrobusiness.com.au","author":"ColinTwiggs","date":"August 20, 2011","format":false,"excerpt":"Spence says it has not yet been fully recognised that the economic malaise is not just a cyclical downturn caused by excess debt, over-consumption, low interest rates and lax regulation, but part of a long-term structural change brought about by globalisation and technology, which are shifting the comparative advantage in\u2026","rel":"","context":"In "The Big Picture"","block_context":{"text":"The Big Picture","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/the-big-picture\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":18151,"url":"https:\/\/thepatientinvestor.com\/index.php\/2019\/05\/04\/australias-irrelevant-election\/","url_meta":{"origin":8264,"position":3},"title":"Australia’s irrelevant election","author":"Colin Twiggs","date":"May 4, 2019","format":false,"excerpt":"Satyajit Das spells out the challenges facing the Australian economy in the next decade: The centerpiece of both major contenders' campaigns are large tax cuts and significant government spending on infrastructure and welfare. Both parties pay lip service to sound public finance. But the sustainability of policies based on outbidding\u2026","rel":"","context":"In "Australia & NZ"","block_context":{"text":"Australia & NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":57330,"url":"https:\/\/thepatientinvestor.com\/index.php\/2024\/09\/05\/china-hits-minsky-iceberg-macrobusiness\/","url_meta":{"origin":8264,"position":4},"title":"China hits Minsky iceberg | Macrobusiness","author":"Colin Twiggs","date":"September 5, 2024","format":false,"excerpt":"From David Llewellyn-Smith at Macrobusiness: Stability leads to instability is China\u2019s problem. Central planning has for so long hit growth targets via stimulus that its economy is now a debt-saturated laggard that spends so much repaying interest on unproductive assets that it can\u2019t grow. 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