Comments on: Rudd, Depressions and the lessons of history http://www.crikey.com.au/2009/07/28/rudd-depressions-and-the-lessons-of-history/ now with extra source Sun, 12 Feb 2012 03:29:14 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Jim Reiher http://www.crikey.com.au/2009/07/28/rudd-depressions-and-the-lessons-of-history/#comment-32511 Jim Reiher Tue, 28 Jul 2009 06:03:46 +0000 http://www.crikey.com.au/2009/07/28/rudd-depressions-and-the-lessons-of-history/#comment-32511 Sinclair: the graph you supply has the US and Australia very similar till 1928, not just 1925. The US then spikes before it falls. We curve down without the spike. There seems to be other things at play as well. (To be fair: I appreciate that a short article cant capture all the many different discussions and angles). But my question to you is simple: If Rudd did the wrong thing, what was the right thing to do? What would you have done in his place? And how would it have helped us cushion the worst effects of the recession that other nations seem to be feeling worse than us? Sinclair: the graph you supply has the US and Australia very similar till 1928, not just 1925. The US then spikes before it falls. We curve down without the spike. There seems to be other things at play as well. (To be fair: I appreciate that a short article cant capture all the many different discussions and angles).

But my question to you is simple: If Rudd did the wrong thing, what was the right thing to do? What would you have done in his place? And how would it have helped us cushion the worst effects of the recession that other nations seem to be feeling worse than us?

]]> By: james emailnow http://www.crikey.com.au/2009/07/28/rudd-depressions-and-the-lessons-of-history/#comment-32473 james emailnow Tue, 28 Jul 2009 04:06:41 +0000 http://www.crikey.com.au/2009/07/28/rudd-depressions-and-the-lessons-of-history/#comment-32473 A recovery in wool and wheat prices caused the turnaround in Australia, not the Premiers Plan, which simply worsened unemployment and postponed recovery. A recovery in wool and wheat prices caused the turnaround in Australia, not the Premiers Plan, which simply worsened unemployment and postponed recovery.

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