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The Times

This budget, amid talk of deficits, consider the lessons we ought to have learned

  • Written by Steven Hail, Adjunct Associate Professor, Torrens University Australia

A decade ago, and years before Treasurer Josh Frydenberg promised a budget that was “back in the black”, Prime Minister Julia Gillard promised the same thing.

At that time, in the lead-up to the 2012 budget, unemployment was higher than it is today, and inflation and wages growth were so low (1.6% and 2.3%, respectively) as to provide...

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