Uncle Kevins Helicoptor drop

Ben Bernanke once suggested dropping currency to stimulate the economy, well the Australian government has just started a AU$10 Billion drop. It is formally known as Lump sum Economic Security Strategy Payment. Essentially 10 million Australians each get AU$1000. Uncle Wayne wants us not to waste it on paying down debts but to spend it.  Before people get too excited, the Coalition did something like this in 2003. If this delivers a decent stimulus to the economy expect it to be duplicated elsewhere in the OECD. Australia’s 21 million population is not a bad size for modelling this kind of experiment.

Out of idle curiosity I tried to estimate what the Duggar family would get if they lived in Australia and not in Arkansas.  http://www.duggarfamily.com/index.html

At maximum, it looks like Jim Bob and  Michelle would be eligible for AU$14 thousand. The eldest three kids would get their own separate payments if they were eligible. Michelle would also be eligible for the baby bonus of Au$5000 for child 18.

For those people who might think a baby bonus is madness, Australia has a lower birth rate than China which allegedly has a one child policy.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: