The author has been described by News Ltd as an "iconoclast", "Svengali", a pollie's "economist muse", and "pungently accurate". Fairfax says he is a "Renaissance man" and "one of Australia’s most respected analysts." Stephen Koukoulas concludes that he is "85% right", and "would make a great Opposition leader." Terry McCrann claims the author thinks "‘nuance’ is a trendy village in the south of France", but can be "scintillating" when he thinks "clearly". The ACTU reckons he’s "an enigma wrapped in a Bloomberg terminal, wrapped in some apparently well-honed abs."

Saturday, September 25, 2010

Treasury wants tighter fiscal policy

I posted about this yesterday--the govt can either assist the RBA's task by running tighter fiscal policy, or will force Australians to endure higher interest rates with the RBA having to do the heavy lifting. In this context, Treasury's red book warns of the need for "structurally tighter fiscal policy."