In 2008, when the full impact of the GFC became apparent to the then Secretary to the Department of the Treasury, Ken Henry, his advice to prime minister, Kevin Rudd was, “Go early, Go hard, Go households.” Rudd didn’t equivocate. A $40 billion stimulus package that put money into the bank accounts of all taxpayers was devised, approved by cabinet and executed without delay.

Read more at: The Australian Independent Media Network