Three young adults one wears a protective face mask

Governments are spending at unprecedented levels. Where does this money come from, and are governments saddling young people with too much debt?

Building in construction

A social housing stimulus investment program would better facilitate the recovery of lives and livelihoods’ after the pandemic.


We'll need to spend at least an extra 15-20 per cent of GDP per year. It'll be more palatable if it is funded by COVID bonds.

In the case of a two-fold crisis of public health and economics, it could well be proven that the shield is more effective than the stimulus.

If the 1991 recession is the ‘recession we had to have’ then 2020 is the economic slowdown we had to engineer.