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."

Monday, April 23, 2012

When was last time an Aussie PM forced RBA to change rates?

Not so long ago. According to the Governor of the RBA at the time, Bernie Fraser, it was Labor Prime Minister, Paul Keating, who in mid 1994 forced a notionally independent RBA to adjust a proposed interest rate decision, as I explained here.