Opinion
Policy blunders prolong the pain
A range of half-measures will doom young Australians to a prolonged post-virus burden.
Craig EmersonFormer Labor minister and economistDuring the Great Depression policy makers made crucial mistakes that extended the misery by years. We are at risk of refusing to learn the lessons of history, dooming us to repeat it.
While arguments continue over the policy errors that prolonged the Great Depression, crucial facts are irrefutable: in the aftermath of the 1929 stock market crash the US administration tightened monetary policy, increased taxes to reduce budget deficits and put restraints on international trade.
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