Like Schrödinger’s cat, the idea that “good policy makes good politics” was placed in a box two years ago. Simultaneously alive and dead. Until Tuesday, when Jim Chalmers opened the box to reveal that GP-GP is, in fact, dead.
There’s an irony to that. But understand this. Albonomics is all politics all the time – sound economics be damned – as the budget’s three themes showcase perfectly.
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Richard Holden is professor of economics at UNSW Business School and president of the Academy of the Social Sciences in Australia. Connect with Richard on Twitter.
