68. Economist Dr Cameron Murray - Scrapping Super, Affordable Housing, Inflation and Political Corruption
Aussie Firebug
00:00
Is Superannuation Helping the Australian Economy?
There's an economic theory there that basically says the higher your savings rate, the more capital investment you make as an economy. But superannuation is a trade of an asset from someone who owns it for someone else who owns it. And now, in fact, what we saw is essentially this theory disproven during COVID when we decided that, hey, if we let people spend out of their super, that'll be really good for the economy. So spending your wage is better for growth of the economy than using it to trade in financial markets. You can't have it both ways. When people take their money out of asset markets and buy goods and services, the economy grows faster.
Transcript
Play full episode
