{"id":814211,"date":"2026-07-21T11:01:09","date_gmt":"2026-07-21T11:01:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/814211\/"},"modified":"2026-07-21T11:01:09","modified_gmt":"2026-07-21T11:01:09","slug":"former-actu-boss-bill-kelty-slams-australias-economic-management-as-policy-of-lunacy-and-stupidity","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/814211\/","title":{"rendered":"Former ACTU boss Bill Kelty slams Australia\u2019s economic management as \u2018policy of lunacy and stupidity\u2019"},"content":{"rendered":"<p>Labor luminary and former ACTU boss Bill Kelty has slammed the quality of economic management in Australia, saying taxes and spending are too high, and there is \u201csomething really wrong\u201d when <a href=\"https:\/\/www.afr.com\/policy\/economy\/australians-suffer-sharp-decline-in-living-standards-oecd-20260707-p60d8t\" rel=\"nofollow noopener\" target=\"_blank\">living standards are falling<\/a> at the same time commodity prices are booming.<\/p>\n<p>Kelty let fly in a written submission to a <a href=\"https:\/\/www.afr.com\/link\/follow-20180101-p60gyb\" rel=\"nofollow noopener\" target=\"_blank\">parliamentary inquiry into legislation to manage the nationwide distribution of cash<\/a>, which has been the subject of a lengthy row between the banks and Armaguard, which is two-thirds owned by Linfox.<\/p>\n<p>Loading&#8230;<\/p>\n","protected":false},"excerpt":{"rendered":"Labor luminary and former ACTU boss Bill Kelty has slammed the quality of economic management in Australia, saying&hellip;\n","protected":false},"author":2,"featured_media":814212,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[64,63,44],"class_list":["post-814211","post","type-post","status-publish","format-standard","has-post-thumbnail","category-australia","tag-au","tag-australia","tag-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/814211","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=814211"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/814211\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/814212"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=814211"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=814211"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=814211"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}