Professor Michael McMahon:

The Central Bank has simulations that show that spending above the net 5% amount probably added about 1%, or 0.5% over two years, to the level of prices in the economy. I am arguing that if we do things on too much of a wide, giveaway basis, we just make the problem we are trying to solve worse. As we have all identified, and as we have identified in the current report and many others, there is clear evidence in several areas of infrastructure deficits, but these are very hard to fix quickly. It is not just about throwing money at the problem; you really have to plan and proceed carefully.