Two bob each way and the Dunning-Kruger effect

The really scary thing about the GFC is that the antics of our opposition and the stupidity of our citizens will determine the government response next time we get caught up in a "Global Financial Crisis".

Essentially that means that no government - of any colour or political persuasion - will be brave enough to rescue our economy in the future by spending money and increasing debt. Because if they did then they would be abused and accused by the opposition of the day who know full well that most voters are not capable of understanding why it is necessary.

I have heard some absolute crap over recent days about how our government should not have spent money to buffer the economy and this would have been a good thing because some "inefficient" companies would have failed and the "efficient" ones would have prospered and blah, blah, blah. The sort of nonsense that is being emitted by some of the people who received the biggest handouts simply astounds me.

Every bogan and numbnut has an opinion on this. But their opinions are often built on the Dunning–Kruger effect.

The sad thing about all this is that with such a future event, unemployment will go through the roof and lots of people will lose their jobs and their houses. And it will take years to get back to a normal position.

That’s the price they will pay for their stupidity. And then listen to them bleat about why the government didn't fix it like last time.

Combine a "two bob each way" attitude with the "Dunning–Kruger effect" and you have a pretty fair profile of the Australian swinging voter.