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 29, 2012
AFR Column: Linking Lorazepam to RBA rate cuts...
When a psychiatrist prescribes Lorazepam to alleviate anxiety, the sedative effects are potent. Yet the medical profession still does not fully understand the drug’s influence on the brain’s complex system. Scientists once thought it worked by inhibiting neural connectivity. It turns out that it does the opposite, promoting inter-hemispheric coherence. Reserve Bank of Australia governor Glenn Stevens would be the first to admit his monetary policy transmission mechanism is plagued with similar complexities.