…. and some Treasurers can’t!
The Rudd-Swan government, presumably at Hank Paulson’s urging, spent more than $50 billion keeping the great Australian housing bubble inflated.
Remember? $900 to everybody; the pink batts; new school buildings ….., &c.
It worked! But it sent our land bubble skyward for an even greater bursting – and it looks like it’s about to happen ….
The 2018 K-P Index out–out shortly–should be able to confirm!