Oct 30, 2017

For a document with no substance, the NEG has earned a lot of fans

NEG is so miraculous that it's garnering positive reaction from both sides of the field; quite a feat for an eight page document with zero figures, writes economist John Quiggin.

John Quiggin


The generally positive reaction to the Turnbull government’s proposed National Energy Guarantee has been reminiscent of a Rorschach inkblot. This psychological test, popular in the 20th century but now largely discredited, required subjects to look at abstract symmetrical patterns and declare what they saw. Supposedly, a skilled tester could use the answer to determine the subject’s innermost fears, desires and psychological pathologies.

To bring the cultural reference up-to-date,  it is also reminiscent of Harry Potter’s Mirror of Esired, in which everyone sees what the they most desire. 

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