What’s behind Frydenberg’s debt epiphany?
“It wasn’t only the change in Frydenberg’s public language... It was the fact the treasurer had started quietly consulting people other than the usual sources of conservative advice – respected economists who... counselled him that in a world with interest rates at zero, governments need not fear debt. ”
The budget surprised many as the treasurer shrugged off long-held fears of spending and deficits, which may be the result of consultation with some unexpected advisers.