Abbott’s Not-So-Golden-Years

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Tony Abbott recent­ly pledged him­self to restore the “Gold­en Age of Pros­per­i­ty” that Aus­tralia enjoyed under John Howard’s prime min­is­ter­ship:
“That’s why the longer this gov­ern­ment lasts, the bet­ter the Howard gov­ern­ment looks and that’s why the Howard gov­ern­ment now looks like it cre­at­ed a gold­en age of pros­per­i­ty, which is lost,” Abbott said in a speech to the South Aus­tralian Lib­er­al Par­ty.

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About Steve Keen

I am Professor of Economics and Head of Economics, History and Politics at Kingston University London, and a long time critic of conventional economic thought. As well as attacking mainstream thought in Debunking Economics, I am also developing an alternative dynamic approach to economic modelling. The key issue I am tackling here is the prospect for a debt-deflation on the back of the enormous private debts accumulated globally, and our very low rate of inflation.