Economy

Apr 4, 2018

Greens’ embrace of idiot fringe economics ruins years of credibility

Subsidised mortgages and universal basic income show that the Greens have lost the plot on economic issues, Bernard Keane and Glenn Dyer write.

Bernard Keane and Glenn Dyer

Politics editor / Crikey business and media commentator

Following their Batman debacle, the Greens appear determined to abandon their remaining economic credibility by embracing nonsensical housing and welfare policies: today at the National Press Club, leader Richard Di Natale will announce new policies on the Reserve Bank offering discounted housing mortgages and a universal basic income.

Both policies are the kind of magic pudding stuff that the Greens abandoned years ago in favour of more rational economic policies, including some eventually embraced by the major parties.

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