Australia’s Debt is Gross. Like The Government’s Fiscal Management.

Quick Q&A:

• Question - What’s another expression for an economic and fiscal fool? 

• Answer - Treasurer Frydenberg.

When discussing Australia’s debt levels, the “Liberal” government and its apologists like to quote net debt figures rather than gross debt figures.  Let me explain why this is wrong and, dare I say, misleading.

Based on the Mid-Year Economic and …