The writing’s on the wall . . . assuming the builder’s viable

Still doubting the inherent foolishness of neo-Keynesian fiscal deficit stimulus? This statement from Peter Jones, chief economist of Master Builders Australia, should prove definitive (ht: Mish’s GETA):

The recent MBA June quarter 2011 national survey found builders were “increasingly concerned about whether there will be a revival in private sector demand in time to fill the gap being left as Building the Education Revolution, Social Housing and other government stimulus programs are completed.”

Stimulus? No, just series after series of one-off electoral bribes, dressed in apparently unquestionable pieties such as “education”, in which professional economists and others willingly joined. Well, it’s over now and that’s just the beginning.


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