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, October 9, 2012

AFR editorial backs pricing deposit guarantee

This is a very good AFR editorial on whether banks should get their deposit funding guaranteed for free by taxpayers, or whether they should pay a price for the service. It follows my FOI search with John Kehoe, which revealed for the first time the Treasurer had been advised by the RBA, APRA and Treasury to publicly consult on the merits of said policy.