
Heading towards a per-capita recession. June 9, 2023
Motley Fool Money
00:00
The Importance of Thinking About Policy
I'm generally pretty adverse to subsidies and government programs and handouts. They tend to reward less productive enterprises, almost like a definition. So adding subsidies to an unprofitable industry will drag people out of those jobs that are profitable. We're already kind of nearish full employment. There's no need in employment-wise for that. Almost every Australian who wants a job right now has got a job. The whole made in Australia thing. I got to love making stuff here. But if someone could be better with financial services just for fun, why do we export rocks and houses? That's what we do in this country. It's not so much productivity from doing the car per unit
Play episode from 35:53
Transcript


