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."

Sunday, December 26, 2010

One of the first casualties of war is not only truth...

But also sound finance. The likes of Keynes and The Economist confidently predicted that WWI would be over in months because the combatants could not afford to finance operations for any longer. How wrong they proved to be, as one learns when reading the brilliant, Pulitzer prize winning text Lords of Finance.