Nearly all economists and most politicians seem to agree stamp duty is a bad tax. But nearly all state and territory governments rely on it to keep the lights on.
Inflation and rising interest rates are pushing Australia towards a likely recession. And on the list of culprits, RBA governor Philip Lowe is very near the top.
The politics of Morrison's super-for-homes announcement are obvious and desperate. But what of the economics of this ongoing obsession with the housing market?
