Mike's Minute: The Government don't understand basic economics
If you want a good example of simple economics, we are living through a doozy.
It's only Wednesday but already this week we have millions promised by people who have less than no money to solve the problems they created.
$5 million for ski fields, piles of millions for universities, millions more for food banks. Then there's the welfare stats that show, on average, main beneficiaries have been getting, through a variety of mechanisms, a 9.6 percent rise in income each and every year for the term of this Government.
Economic lesson number one is you shouldn’t be spending money you don’t have…
The skinny
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