5min chapter

The Joe Walker Podcast cover image

How To Put The Economy Into A Coma - Chris Edmond & Steve Hamilton

The Joe Walker Podcast

CHAPTER

The Importance of Debt Management in the Australian Economy

No one's ever spent 130 billion so quickly, says Chris Park. The total amount of the stimulus that's been announced is roughly speaking equivalent to $15,000 worth of debts for every Australian worker. "We're talking about not even World War II levels of indebtedness," he says. 'There's all sorts of margins where we could be tweaking this thing'

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