The jobless rates, housing, productivity, wages, tax avoidance, national net worth, and the ballooning debt all added to federal Treasurer Scott Morrison’s October tribulations. And now the state treasurers have formed their own club to circumvent him. The humiliation is pretty comprehensive.

State and territory treasurers – two Coalition and six Labor – agreed late last week to establish a new board of treasurers. This seeks to resolve “frustration amongst the states about issues” which “require greater autonomy for the good of our communities and of the nation.”