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29 November 2007

Keating’s Recession

I get a bit cross at all the folk to don't like Labor because they're mushy and don't understand economics. When Keating did exactly what every macroeconomics textbooks tells you to fight inflation and allowed the recession from 1993 to happen everyone yelled and him and told him he couldn't be prime minister anymore. And yet he's probably a fair bit responsible for the happy inflation of the last 14 years. At least the textbooks would say he was.

If you want to yell at Keating you should yell about things like being an arrogant pug and always doing what the economics professors wanted him to. You could yell at him about sacrificing the working class for the interests of the economy. And I sure would have a bit of a yell about those things. I just don't understand how you can yell at him for being mushy. He made tough, "economically responsible" decisions and told us he was making them. Which is what we say we want. Except we don't. We want mushiest economics our votes can buy and the right to yell at anyone we randomly decide is mushy about being too mushy.

I love Paul Keating. But not for his economic policies. Keating wasn't near mushy enough for me.

Comments

  1. I love Keating too. I had a dream about him the other night and it was the world’s funnest dream. He was so super chido.

    jem / 9:25am / 10 December 2007

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