Definition of magic pudding in English:

magic pudding

noun

Australian
informal
  • An endlessly renewable resource.

    ‘policy makers continue to see the environment as a magic pudding’
    • ‘Government was not a burden that you had to pay for; it was a magic pudding; you could cut slice after slice and there was always more.’
    • ‘The magic pudding that bridges the cost gap is referred to as 'risk allocation'.’
    • ‘Some of the older and hitherto untranslated Indian writers may finally see the light of day and add their own brand of riches to the great magic pudding that is international literature.’
    • ‘Our land seems to be regarded as a magic pudding that will never stop feeding our growing population.’
    • ‘This reality of fiat currency is very difficult for many people to grasp but it's not quite the magic pudding that perhaps it appears to be.’
    • ‘Australia is not a Magic Pudding and we need to think deeply about what we want this continent to look like in the future.’
    • ‘He has replaced the stamp duty magic pudding with a tax on the profit from the sale of investment properties, and an overhaul of land tax.’
    • ‘The chattering classes have always thought that public money is some kind of Magic Pudding.’
    • ‘There is no magic pudding that is going to pay for all of this.’
    • ‘He seemingly didn't explain how it could be any other way, unless he believes in the Magic Pudding theory of fiscal administration.’

Origin

1980s: from the title of a children's book The Magic Pudding (1918) by Norman Lindsay, in which a pudding instantly renews itself as slices are cut out of it.