From Whom The Advice Tolls - Australia's Accelerating Economic Decline
Australia is in an economic hole. Increasing inflation. Slowing economic growth. Rising unemployment.
And a contributing factor is that the supposedly independent and capable bureaucrats advising the government are providing advice to dig deeper. Those bureaucrats who are on large indexed salaries, and who will retire on large indexed defined pensions.
As Thomas Sowell warned:
It is hard to imagine a more stupid or more dangerous way of making decisions than by putting those decisions in the hands of people who pay no price for being wrong.
Actually, there is a more stupid way. To put decisions in the hands of people who are rewarded when they are wrong.