In Rudd’s Monthly fairytale, evil Austrian economists reanimated the corpse of laissez faire economics and the parties of the Right sent it raging across the developed world, writes Bernard Keane.
Fiscal conservatism
Hey, Lindsay Tanner: Want to save $500m plus on fisheries?
With a colossal tax package to deliver in next year’s budget, how is Team Kevin going to place maximum downward pressure on interest rates without flooding the economy while new money? It’s all about savings, says Finance Minister Lindsay Tanner, who may care to turn his gaze to fisheries. Lionel Elmore reports.
Clive Hamilton: the Treasurer gets his wish
The Government’s decision to reframe the interest rate rise as a warning to the electorate to stick with the party they trust more to manage the economy is not a panic reaction but one that has been considered for some time, writes Clive Hamilton.
A $34 billion fillip for Labor
Yesterday’s $34 billion tax cut pledge is an effort to attack Labor’s economic credentials, but it smacks of desperation. Rhetoric might have been better for a week or two, writes Christian Kerr.
