Australia, with some success, is battling its way out of the biggest health and economic crisis in generations. The federal government has funded the mother of all stimulus and support packages to achieve that – $257 billion in direct spending alone, a sum beyond imagining less than 12 months ago, and borrowed heavily from the future.

The Reserve Bank is literally creating money, and has slashed interest rates to their lowest in history and past the point where they help growth, just spilling over into destabilising asset bubbles instead. All of this is costly and will have consequences for decades, but they have helped save Australian companies and workers.