Last Updated Oct 17, 2008 2:22 AM EDT
That's the view of Alan Moran from the Institute of Public Affairs. On today's BTalk Australia he talks to Phil Dobbie about how we got into the current predicament. The answer is not, he says, the $10.4 billion injection of cash from the Australian government. That will only make matters worse.
Has Alan Moran got it right? Tell us what you think in the Talkback section at the bottom of this post.
See also: Will Debt Drive Us to Depression | Btalk Australia
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