Zombie Cash-Splash: Australia's Treasurer Ramps Up Orgy of Corporate Hand-outs
asenseofplacemagazine.substack.com
By Michael West “Australians know there is no money tree,” said Australia's Treasurer Josh Frydenberg at the apogee of the coronavirus in May. But there is. The Reserve Bank is creating money out of thin air. It’s called QE. Michael West reports on the latest fruits to fall from Josh’s fertile money tree, particularly free cash from a hitherto hidden measure in the Budget.Thanks to the legion of large and profitable corporations claiming JobKeeper subsidies, the government has unleashed an orgy of corporate welfare on a scale which has never been witnessed before.
Zombie Cash-Splash: Australia's Treasurer Ramps Up Orgy of Corporate Hand-outs
Zombie Cash-Splash: Australia's Treasurer…
Zombie Cash-Splash: Australia's Treasurer Ramps Up Orgy of Corporate Hand-outs
By Michael West “Australians know there is no money tree,” said Australia's Treasurer Josh Frydenberg at the apogee of the coronavirus in May. But there is. The Reserve Bank is creating money out of thin air. It’s called QE. Michael West reports on the latest fruits to fall from Josh’s fertile money tree, particularly free cash from a hitherto hidden measure in the Budget.Thanks to the legion of large and profitable corporations claiming JobKeeper subsidies, the government has unleashed an orgy of corporate welfare on a scale which has never been witnessed before.