Today Scott Morrison will celebrate 500 days as Treasurer. He has two achievements to his credit. He has staved off a credit agency downgrade. And with the help of the craven media, he has largely concealed the economy’s disastrous decline.

The Australian economy deteriorated under Joe Hockey from what was the world’s best-performing economy in 2013, but it remained in the top 10. Since Hockey took his promotion in September 2015, it has been downhill all the way.