Gear up, Hockey – it's time to get on the roads

Many sectors of the economy are teetering on the edge of deflation, although you'd never know it from the Coalition's bluster. But 15 years of inadequate infrastructure spending might change Hockey's tune.

The release of the TD Securities/Melbourne Institute monthly inflation gauge yesterday was a reminder of what an extraordinary era of political spin Australia is experiencing. 

The figures continue to show an economy resisting expansionary monetary settings and most likely in need of further stimulatory spending – particularly on the infrastructure front.

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