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Vindicating Fightback

I join the history wars with an op-ed in today’s Australian taking issue with Paul Kelly’s claim that ‘the defeat of Dr Hewson’s policy [of Reserve Bank reform] laid the basis for the successful monetary policy of the Keating-Howard era.’  I make the case that:

Far from being a repudiation of Fightback, as Kelly suggests, subsequent developments have largely vindicated its vision for monetary policy reform.

 

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posted on 14 September 2009 by skirchner in Economics, Financial Markets, Monetary Policy, Politics

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