Earlier this week I spoke about Australia’s productivity crisis by going back to mistakes made in the 1980’s when the Hawke Keating government destroyed our manufacturing sector due to the Button plan and instead created a paper shuffling and brainwashing industry in Superannuation and the University sector.
I also touch on the stupidity of lifting capital controls in 1985 that flooded our country with foreign debt with no corresponding investment in actual industrial output.
I also touch on the RBA lifting interest rates. This hasn’t just slowed demand its also slowed supply as rapidly higher interest rates have sent builders to the wall at the same time. This is happening in the face of massive immigration.
Long story short the housing fund will do two fifths of Jack to fix the housing crisis.