Ferguson’s critique of the economic stimulus

Niall Ferguson has a good article in todays’ Australian about the Rudd/Gillard Government’s fiscal stimulus.

He concludes:

Labor has stimulated the Australian economy, in the same way that Ned Kelly used to stimulate the economy of Victoria.

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9 Responses to Ferguson’s critique of the economic stimulus

  1. C.L.

    Reserve Bank director Warwick McKibbin has also called out Gillard for lying about the “stimulus” and how she saved Australia.

  2. C.L.

    Homer is AWOL on the Ferguson/McKibbin thread.

    Mmm.

  3. Butterfield, Bloomfeld % Bishop

    This article so full of errors I really cannot be bothered.

    Given that catallaxians are fiscally illiterate there is no point.

    I do note Fergusobn has changed his mind very quickly on taxing mining super profits.

    given your mad problems Mark stop projecting

  4. .

    “This article so full of errors I really cannot be bothered.”

    You lying, incomeptent, ill read pussy.

  5. Butterfield, Bloomfeld % Bishop

    well I can read Mark you cannot as I have already shown but I have compassion on people who hare barking mad like yourself

  6. .

    Right, so Ferguson is wrong that 246 AUD bn stimulus on infrastrucutre did nothing for our export market (BTW which you want to tax when they make “super” profits below their WACC…?

    You stupid git.

  7. Butterfield, Bloomfeld % Bishop

    actually Marky if you could read the KPMG you would have found you are dead wrong on that but since you cannot read we will leave that.

    Net Exports gave the economy a boost when commodity prices were err weak.

    When they started to strengthen net exports were a negative for growth.

    good to see you up to date as usual

  8. .

    “if you could read the KPMG”

    Wow dude, thanks for looking out for me.

    “Net Exports gave the economy a boost when commodity prices were err weak.”

    As was the currency, vis a vis the monetary policy.

    “When they started to strengthen net exports were a negative for growth.”

    Yep, net exports are always negative for growth, considering we’re having trade surpluses that are abnormal.

    Thanks for ntoicing how up to date I am.

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