After 2 years it’s Federal budget day. And the big question is which will be the priority – economic growth or will the Davos agenda of Build, Back Better.

Of course some people like it. It sounds so good, so virtuous, so straightforward. The only problem is researchers consistently give it the thumbs down.

“Money for nothing” seems to be the new mantra as governments make wishes and central banks grant them by creating money to pay for them.

I don’t care what Governor or what party – it’s a very bad idea to open the door for people to question the central bank’s independence and decision making because a former Governor wants to get elected.

Should be the shocking stat of the week. Even big government advocates may be surprised by the growth of the federal government.