Zombie Cash-Splash: Treasurer ramps up orgy of corporate hand-outs – Michael West

Josh Frydenberg money tree, QE, Reserve Bank of Australia

“Australians know there is no money tree,” said Treasurer Josh Frydenberg at the apogee of the coronavirus in May. But there is. The Reserve Bank is creating money out of thin air. It’s called QE. Michael West reports on the latest fruits to fall from Josh’s fertile money tree, particularly free cash from a hitherto hidden measure in the Budget.

Zombie Cash-Splash: Treasurer ramps up orgy of corporate hand-outs – Michael West