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."

Thursday, January 20, 2011

The Economist's Buttonwood on UK inflation woes


"I would also argue that the Bank spent 300 years without reducing rates below 2%; there was a case for 0.5% rates when financial Armageddon threatened in 2008, but one should now be working back towards more normal levels."