Angus Taylor is rightly pointing out that Australian living standards have fallen – but that is because household incomes have risen by less than prices. So is Taylor calling for wages and incomes to rise by more than prices? Well in theory… in practice not so much .

He also weirdly is focusing on government spending. He wants to suggest that government spending including of course 36,000 public servants in Canberra has kept inflation higher for longer. Except the RBA has just revised down its estimates for inflation even while it is increasing its estimates for public demand. The reality is that the economy is weak – GDP growth is bugger all, and household consumption is equally crap. And when you have that, government should spend and keep the economy going.

Without saying it, what Taylor is essentially asking for its for the govt to have allowed a recession to occur. That might have been great for the LNP’s election chances, not sure though it is a great economic policy.