Picking up on Reserve Bank governor Glenn Stevens’ remarks about “borrowing to invest” and not being afraid of a deficit if there are good policy outcomes to be had, eight prominent economists (including a couple of blogging ones) have written an open letter to Kevin Rudd making suggestions for a further fiscal stimulus under three headings of policy - Superannuation flexibility, Building the nation and Preparing for climate change. Read more »
No doubt because Malcolm Turnbull has demonstrated his stunning grasp of economics yet again by claiming that the Commonwealth budget going into deficit is some sort of yardstick of economic failure, there’s been an immense amount of commentary on Kevin Rudd and Wayne Swan’s willingness to utter the word “deficit”. The latest instalment in the saga is documented by Peter Martin here - Rudd’s conceded that Australia may have to sustain a “temporary deficit”. Read more »
Apparently, he can sit on the shelf for a few more years.
P.S. It’s good that we have Peter van Onselen around - both to read the mind of the electorate (”MOST Australians would be feeling more comfortable right now if Peter Costello were still running the economy”), and to counterbalance the evil horde of socialist academics and school teachers who want to indoctrinate our kids. Read more »
There’s a Galaxy and a Nielsen poll out this morning, both of which show Labor with a 55-45 lead on 2PP, and Kevin Rudd on better numbers than he enjoyed a year ago - and these are some of the last polls (Essential Research follows tonight) before the first anniversary of Labor’s election.
This is quite interesting: Read more »
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