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Will Albanese walk in the footsteps of Whitlam? : Comments
By Graham Young, published 1/3/2023So all the conditions for stagflation - rapidly increasing government expenditure, skyrocketing energy prices, an inflexible economy, and low productivity growth - are in place as they were for Whitlam, coupled with similarly ambitious social policies.
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I'm not sure Albanese will resign if it all goes badly then again we didn't expect Ardern to go suddenly. Long term the federal parliament may have more pragmatic independents and fewer party hacks. If so it may not be a bad thing.