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Paul Keating on the Economy – “Shut Up and Listen and You Might Learn Something” – Edna Carew and Patrick Cook

February 18th, 2012 · No Comments · Australian Labor Party, Economics, Policy, Politics, Quotes

“If we were providing these policy settings and outcomes in Western Europe, they’d be lighting candles to us in the cathedrals.”

“I guarantee if you walk into any pet shop in Australia what the resident galah will be talking about is micro-economic policy.”

“Stick your head out of the building in any capital city in Australia and it’s a sea of cranes. The economy is so robust that it’s taken a pickaxe to stop it. We’re laying into it with a lump of four-by-two to try and slow it down. In the past, if you hit it with a lump of four-by-two, it would fall to bits. And stay in bits.”

“All these ex-Treasury drop-outs around the place advising me how we ought to best do things – the fact is, look, all these people would be better off in the Australian Treasury. We’ve lost years of experience. They have dropped out to write a bloody newsletter for some merchant bank. It’s pointless and useless.”

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