Voters, sooner or later, will reject political parties that resolutely defy the laws of economics. Britain’s Conservative Party suffered that fate. A Trump-led Republican Party would follow. As would a Dutton-led Coalition if it is serious about its recently announced policies.
The MAGA and Brexit movements disobey the commonsense rules of economics. AP
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Craig Emerson is managing director of Emerson Economics. He is a distinguished fellow at the ANU, director of the Australian APEC Study Centre at RMIT and adjunct professor at Victoria University’s College of Business.
