Registers should start ringing at Australia’s “milk bar”

By Alex Millmow
Updated September 17 2015 - 9:21am, first published 9:17am
TICKING OVER: The Australian economy has often been referred to as a milk bar.
TICKING OVER: The Australian economy has often been referred to as a milk bar.

In the 1950s an Australian economist, Douglas Copland, likened the Australian economy of the decade to a milk bar. It was in the sense that Australia had lots of fripperies but did not produce any heavy goods. The economy was unbalanced.

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