Keynes in 2011

[harry climber]

For those who are suggesting that Keating has tertiary qualifications then as suggested it would assist if they named the educational institution where Keating supposedly obtained this from.

[harry climber]

To repeat, before posting on a subject it would assist if the person knew something on the subject being discussed.

This will assist them
http://primeministers.naa.gov.au/primem ... ffice.aspx

[lisa jones]

God .. you are such an ignorant fool.

No matter .. sit down in the corner with your dunce hat and enjoy your bliss.

[harry climber]

To assist those interested in Paul Keating's level of education:
"Paul John Keating was born in Sydney on 18 January 1944, the eldest of four children of Min and Matt Keating. His father was a boilermaker and union official, and the family lived in the industrial suburb of Bankstown in Sydney’s southwest. Keating had three years of high school at Bankstown’s De La Salle College. On 16 January 1959 he took a job as a pay clerk at Sydney’s electricity authority and joined the Labor Party the same year. Keating went to evening classes for two years at Belmore Technical College to finish high school, but did not sit the final exams."

"Opponents in the House as well as colleagues in Cabinet observed Keating’s extreme nervousness in his new role. With only three weeks of ministerial experience and no tertiary qualifications, the Treasury portfolio was challenging. John Button recalled that Keating was ‘extraordinarily hesitant’ in his first six months, while Opposition frontbencher Andrew Peacock observed how the Treasurer always read from notes, even in Question Time, and from across the table the paper in his hand could be seen shaking as he spoke. Keating’s predecessor, John Howard, had seven years experience as a minister, five of them as Treasurer. Keating saturated himself in the work to try to close the gap between them. John Stone continued as head of Treasury after the change of government and was a valued adviser to the new Treasurer."

http://primeministers.naa.gov.au/primem ... ffice.aspx

It helps if you know something about a subject beforehand.

[Sappho]

God .. you are such an ignorant fool.

No matter .. sit down in the corner with your dunce hat and enjoy your bliss.

Rather than insult the person who has brought quality evidence to support their claim, could you please provide counter evidence to justify your claim?

[Rainbow Moonlight]

Keating's economic reforms , whether he was tertiary qualified or not, have proven to be a boon to the Australian economy and bolstered it well for difficult times. Our economy would certainly not have survived recent times so well if we had not floated the dollar and cut back on subsidising companies and encouraged increasing economic ties with the Asian region.. Keating helped build tough resourceful companies, suited to the conditions and industry they are in, here in Australia.

[IQS.RLOW]

Keating stole every idea he ever had from the libs

[Leftwinger]

Keynesian economics will always have SOME role in macro economic mgt.

But all this is 1st yr economics stuff. In fact, after having opened and read the link provided in the OP, I was reminded of the typical economics essays we used to submit back at Uni.

Ho hum ..

Perhaps what you learned is somewhat outdated Lisa. 1971 and 1983 saw some rather major changes occur. What do you think of what I've said - is it right or wrong?

[harry climber]

Keating's economic reforms , whether he was tertiary qualified or not, have proven to be a boon to the Australian economy and bolstered it well for difficult times. Our economy would certainly not have survived recent times so well if we had not floated the dollar and cut back on subsidising companies and encouraged increasing economic ties with the Asian region.. Keating helped build tough resourceful companies, suited to the conditions and industry they are in, here in Australia.

'Keating was one of the driving forces behind the various microeconomic reforms of the Hawke government. The Hawke/Keating governments of 1983–1996 pursued economic policies and restructuring such as floating the Australian dollar in 1983, reducing tariffs on imports, taxation reforms, moving from centralised wage-fixing to enterprise bargaining, privatisation of publicly-owned companies such as Qantas and the Commonwealth Bank, and deregulation of the banking system. Keating was instrumental in the introduction of the Prices and Incomes Accord, an agreement between the Australian Council of Trade Unions (ACTU) and the government to negotiate wages. His management of the Accord, and close working relationship with ACTU leader Bill Kelty, was a source of tremendous political power for Keating. Keating was able to bypass cabinet in many instances, notably in the exercise of monetary policy.

In 1985, Keating proposed the introduction of a Goods and Services Tax or "GST" (known elsewhere as a value-added tax), which was debated by the party before being dropped by Hawke. The early 1990s recession, which Keating called "the recession we had to have", resulted in significant increase in support for the Liberal party, which Keating used in his push for the Labor party leadership.'

Do you think that it was a good idea to reduce tariffs on imports?
If so, then how did that help the Australian economy.

[lisa jones]

Keating stole every idea he ever had from the libs

Yep! Another reason why we used to make fun of him at Uni during Politics and Economics tuts.