“Their buying or abstention from buying determines what has to be produced, in what quantity and of what quality” - Mises, Liberty and Property lecture October 1958. Princeton University 9th Meeting of the Mont Pelerin Society.
How about this one for South Australians; The North–South Corridor was originally sold to SA at around $9.9 billion. The latest official figure is $15.4 billion, more than a $5 billion blowout 🤷🏻 This is confirmed through state budget papers, Hansard, and Auditor-General reports. Despite design changes and construction pressures, the government still claims the project is “on budget at $15.4b” and has not released any updated costing since the blowout. Meanwhile, the Auditor-General has warned that major infrastructure projects like this carry a high risk of further cost overruns and delays. South Australians deserve current, transparent costings before the 2026 election, instead of after. South Road was sold to us at $9B — it’s now $15B+. We are told it’s still on budget. If this is “on budget”, what does a blowout look like? image
The bond market doesn’t vote but it certainly campaigns.
#StickerEvolution 🟧 image