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, September 12, 2011

FT: Suspend inflation targets to maintain growth

Told you so. This from George Magnus in the FT today:

"The litmus test of policy should be its relevance to employment creation and the embracing of fiscal, lending, investment and infrastructure initiatives, as well as measures to facilitate household deleveraging. With a more nuanced fiscal stance, there is then scope for central banks to suspend inflation targets in deference to stable money GDP growth."

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