The bogan is a voracious consumer of media. It will, on any given day, access any or all of a variety of newspapers and news sites ranging from the Herald Sun to the Daily Telegraph and occasionally the Courier Mail. On the days it’s feeling like pretending it knows something about economics or politics, it will brush up against Fairfax, but often retreat hurriedly, confronted by the lack of likeness to Andrew Bolt’s blog.
The bogan consumes all of this media because it cares about the big issues. It needs to opine vociferously on matters of importance. And to the bogan, there are two matters of greater importance than anything else: stopping boats and the economy. The performance of the economy, the bogan knows, is entirely the responsibility of the Federal Government, and, moreover, the bogan knows that there is only one true measure of economic performance: interest rates.
However, unlike the ‘conventional’ economic wisdom, which the bogan is assured by News Ltd is spurious, the bogan knows that a truly strong economy exists only when interest rates are at all-time record lows. The bogan approaches interest rates much like a climatologically paranoid beaver. Should it rain heavily, the beaver’s dam could well be inundated. Likewise, the bogan, nestled in his McMansion, sees rising interest rates as an impending torrent; that is, a clear signal of approaching economic doom.
Continue reading over at Macrobusiness…