If This Government Cannot Get The Adjustment, Get Manufacturing Going Again, And Keep Moderate Wage Outcomes And A Sensible Economic Policy, Then Australia Is Basically Done For. We Will End Up Being A Third Rate Economy... A Banana Republic.

-Paul Keating

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If This Government Cannot Get The Adjustment,

Paul Keating

If This Government Cannot Get The Adjustment, Get Manufacturing Going Again, And Keep Moderate Wage Outcomes And A Sensible Economic Policy, Then Australia Is Basically Done For. We Will End Up Being A Third Rate Economy... A Banana Republic.

Topic

Government

Australia

Done

[australian Reserve Bank] Governor Macfarlane Said Recently When Paul Volcker Broke The Back Of American Inflation It's Regarded As The Policy Triumph Of The Western World. When I Broke The Back Of Australian Inflation They Say, "oh, You're The Fellow That Put The Interest Rates Up." Am I Not The Same Fellow That Gave Them The 15 Years Of Good Growth And High Wealth That Came From It?

Years

Growth

Triumph