Buy now, pay later is the homegrown financial invention most emblematic of Alec Derwent Hope’s view of Australia: the “Arabian desert of the human mind”.
Like other local innovations, such as cask wine on a Hills Hoist, the great Australian pioneers are liable to combine two marginally useful devices to create something entirely dumber.
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Michael Roddan is a Walkley Award-winning national correspondent based in Sydney. He is a former business and economics reporter for The Australian. Connect with Michael on Twitter. Email Michael at m.roddan@afr.com
