Economics

Following Keynes to Disaster

Peter Hartcher, writing in the Sydney Morning Herald on February 28, described a very important event in Canberra which took place sometime last October; an event, as far as I know, reported by no one else. This event tells us pretty much all we need to know about the Prime Minister’s understanding of how nations survive and prosper. It also tells us a great deal about the intellectual formation of the Secretary of the Treasury, Ken Henry. Hartcher wrote: When they had finished putting together the $10.4 billion ‘cash splash’ handouts last October, Kevin Rudd thanked the secretary of the…

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