The Fabian Society has organised a talk on the above topic for this Wednesday at Gleebooks:
When: 6.00 for 6.30pm,
Where: Gleebooks, 49 Glebe Point Road, Glebe.
Cost: Non-Fabians $10/$7. Members are free – please show your membership card to obtain free entry.
Contact: Bookings essential – Gleebooks website – Book online at http://www.gleebooks.com.au or on 9660 2333.
Media Queries: Please contact Simon
The speakers are myself, Saul Eslake, Chief Economist for the ANZ Bank, and Dr John Edwards, the Chief Economist at HSBC Australia (and previously Paul Keating’s Senior Adviser and biographer). The meeting will be chaired by Dr Geoff Gallop, former Premier of WA. For more details, go to the Fabian Society’s Website.
February 18th, 2008 at 2:27 pm
Not necessarily in order
1. Judging by the references to “capacity constraints” they still can’t recognise an overheated economy, in other words they don’t have a clue. If you overheat the economy there eventually wont be enough people to employ using all the money we have from the debt so there will be capacity constraints.
2. Thanks to some very successful politics most of their supporters still think they are overtaxed and the surplus is too high. Remember when they called the Liberals a “high taxing government”. Apparently they weren’t. Unless you thought prior to 2005 that either interest rates or the surplus weren’t high enough then criticism is very hypocritical. John Howard should have left them with a 4% surplus but he wouldn’t have been re-elected in 2001 and we could have had a great Labor government like NZ. That was sarcasm, check their interest rates and inflation.
3. They have Paul Keatings deregulated economy and we’re about to have “the recession we had to have” Mark II probably worse.
February 18th, 2008 at 4:25 pm
Forgot no 4
4. After the recession unemployment stays high, say 10% plus and nobody is real keen on trying for another bubble. How do they reduce unemployment ? Maybe they could try reducing wages ? Or lots of pointless training schemes. Lets see how economic rationalist they are.