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Tweets by @pwgallagher / April 27th, 2016

The below is an off-site archive of all tweets posted by @pwgallagher ever

April 27th, 2016

V. nice article by @dikenson on duty suspensions (‘by-laws’ in AU). Argues for zero duties on intermediate goods.

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Of course quoted $7bn added cost for local mfg. of submarines will prove a tiny fraction of acutal overrun. Historical record unambiguous.

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It took AU govts 50 years to admit subsidies for car mfg. had not created jobs, industries. Just 2 years on, Turnbull reverts to subsidies.

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Turnbull’s foolish, doomed subs-socialism:”Our plan to ensure economic & national security for generations to come”::

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Protectionist folly: Turnbull adds $7bn to $50bn ‘sticker’ price, delays & threatens quality of submarines::

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