02 July 2013

Here's an idea, Kev

On the use of debt, especially government debt:
[Rudd] could do much worse than to take the advice of five present and former Reserve Bank board members and propose to build a better Australia, to turn the orthodoxy of "all government debt is bad" on its head with a lesson about what good debt can achieve: Borrow to build, de-risk and then privatise vital infrastructure, lifting our potential productivity in the process and helping to fill the gap created by resources construction peaking.

Warning: If your name is Randy Bentwick (or Tony Abbott), you're likely to believe that Michael Pascoe is a raving old lefty and Labor apologist.


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