Bumps in road to prosperity

Today in The Australian
“Cecily, you will read your Political Economy in my absence”, Miss Prism instructs the young heiress in Oscar Wilde’s The Importance of Being Earnest. But, the prudish governess hastens to add, “the chapter on the Fall of the Rupee you may omit. It is somewhat too sensational. Even these metallic problems have their melodramatic side.”

About Henry Ergas

Henry Ergas is a columnist for The Australian newspaper and the inaugural Professor of Infrastructure Economics at the SMART Infrastructure Facility at the University of Wollongong. The SMART Infrastructure Facility is a $61.8 million world-class research and training centre concerned with integrated infrastructure solutions for the future. Henry is also Senior Economic Adviser to Deloitte Australia. Prior to these concurrent roles Henry worked as a consultant economist at NECG, CRA International and Concept Economics. Henry's previous career was as an economist at the OECD in Paris, where amongst other roles he headed the Secretary-General’s Task Force on Structural Adjustment and was Counsellor for Structural Policy in the Economics Department.
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5 Responses to Bumps in road to prosperity

  1. Blogstrop

    So the Turks are like Greeks, but with more money. And a creeping back towards islamisation as the admittedly harsh safeguards (mainly military) are rendered powerless.
    Speaking of “metallic” currencies, the renmimby will forever remind me, onomatapeically, of a cheap two-stroke motorcycle.

  2. nonmus

    Oh, where is Wayne Swan when the world needs him?

  3. stackja

    Do we cry for Argentina?

  4. Squirrel

    Surely some messages too, for Australia in all of that – perhaps ours is an “admerging” economy.

  5. blogstrop

    The rupee, on the other hand, sounds like a lentil, or something that might be smoked after dinner.

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