A tale of two contrarian takes.
Remember when Australia avoided the worst of the GFC in 2008-9? It became fashionable to argue in hindsight that the stimulus wasn't necessary because China was going to bail us out. In other words, China stimulus = good; Rudd stimulus = bad. 1/2
At least that argument was grounded in economics. This time contrarians seem to be torn between conspiracy theory, look-at-me scepticism and eugenics: a/ China wants to kill us; b/ the coronavirus is no biggie; and c/ let's stimulate the economy by sacrificing old folk. 2/2
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