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."

Tuesday, April 10, 2012

Max Walsh is back: "inflation is an extra-legal form of redistribution"

Famous Australian financial columnist, Max Walsh, comments in The Australian today:

A final quote from Henry Wallich: "Like burglary, inflation is an extra-legal form of redistribution. Unfortunately, many economists share with politicians the habit of always regarding inflation as the lesser of any alternative evils."