I’ve found it strange that despite the fact that the Coalition carry on as if managing the national economy is exactly like balancing a household budget and yet maintain their reputation for being superior economic managers. There is an interesting article at the Centre for Policy Development on this. Ian McAuley writes

Notice something strange in the opinion polls? Essential Media polling has surveyed Australians on a number of specific issues, asking which party they would trust to handle various issues. On education, jobs, industrial relations, housing affordability, climate change and the  environment Labor easily scores ahead of the Coalition.

Yet on the question “management of the economy”, the Coalition still leads by a comfortable margin.

There is a strange contradiction in these figures. If economic management isn’t about ensuring high employment and harmonious labour relations, conserving scarce environmental resources, keeping housing affordable, and investing in education, what is it about?

Go and read the rest of Economics Dumbed Down here.

Got to this via Larvatus Prodeo who now have a new home.