Bernard Hickey tells us what's wrong

[Praktica]

with the economy in this interesting and illuminating interview. 

https://www.youtube.com/watch?v=yiuI-WG3SPo

[harm_less]

with the economy in this interesting and illuminating interview. 

https://www.youtube.com/watch?v=yiuI-WG3SPo

Brilliant presentation by Bernard as always. The crux of his argument is that the government taking on debt to address infrastructure investment isn't the big boogie man many claim; it's an investment in our future to address the financial neglect of the past few decades. At some stage we must 'pay the piper' and current circumstances are making this glaringly obvious.

[king1]

at one point it was standard economic theory to spend up on infrastructure projects when the economy is flatlining. That's how we got a lot of our larger infrastructure projects funded in the past. Why is it any different now?

[harm_less]

at one point it was standard economic theory to spend up on infrastructure projects when the economy is flatlining.  That's how we got a lot of our larger infrastructure projects funded in the past.  Why is it any different now?

Ingrained from the economic philosophies of the 1990s (where that strategy was abused) from Bernard's spiel. The increase in risk aversion in many aspects of life now won't be helping in that regard either.

[Lilith7]

Neo Liberalism is not a good system - except for those who are wealthy.