Rudd blames IPA for neo-liberalism
February 5, 2009
It was great to read in the Prime Minister’s now famous (infamous) essay in The Monthly that the Institute of Public Affairs gets the credit for neo-liberalism in Australia. (So great, in fact, that we put out a press release on it!)
The policies of what the Prime Minister calls ‘neo-liberalism’ have provided unprecedented prosperity for Australia and the world over the last 30 years.
If you want to know what the rest of the world thinks of the PM’s essay, have a look at the Asian Wall Street Journal‘s editorial.
Malcolm Turnbull’s opposition to the ‘stimulus’ package is a political risk (never stand between Australians and free money!) But $42 billion won’t just magically fix the crisis. If you want to know why, read the IPA’s Julie Novak in the Canberra Times yesterday: “Rudd throws out the baby“.
Finally, if you’ve got time to read something a bit longer about what’s going on in America, you’ll be interested in this really good piece from our friends at the New York-based City Journal “Can the Feds Uncrunch Credit?“.
For more IPA commentary on the government bailouts, read Chris Berg’s piece in the Sunday Age: “The bail-out disease“. And in the Australian Financial Review, Alan Moran critiqued the government’s crude Keynesianism.
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