…. “IT WAS THE CARBON TAX AND THE LABOR PARTY THAT CAUSED THE DEPRESSION IN AUSTRALIA!”
When, of course, it was Australia’s household debt invested in bubble-inflated mortgages.
And both the Liberal and Labor parties are EQUALLY responsible for that mess!
Bit like a game of hot potato. Last one to have fiddled with the system when the music stops carries the can for the whole debacle.
Still, given our current level of household leverage, every little change is magnified in consequence.
Unintended consequences will abound.