Washington | Venture capitalist and cryptocurrency billionaire Tim Draper says Australia should start its own version of Donald Trump’s government cost-cutting unit, which would boost lacklustre economic growth.
Mr Draper, famed for buying 30,000 bitcoins in 2014 for $US19 million, now valued at $US2.9 billion ($4.5 billion), said Trump’s planned efficiency department would cut government jobs and reduce red tape, unleashing private sector investment and stimulating growth.
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Matthew Cranston is the United States correspondent, based in Washington. He was previously the Economics correspondent and Property editor. Connect with Matthew on Twitter. Email Matthew at mcranston@afr.com
