As much as people hate lee con you's way, some of his methods would really be useful in curing many of au's bogan infestation
http://www.theage.com.au/business/luckier-than-the-irish-20101130-18ffd.html
The second lesson is the one spelt out by Reserve Bank governor Glenn Stevens at the 50th anniversary dinner of the Committee for the Economic Development of Australia this week, that the government should seek to run "considerably larger budget surpluses in the upswings of future cycles than those to which we have been accustomed in the past" and that consideration should be given to "the management of any net asset positions accumulated by the government as part of such an approach … in a stabilisation fund of some sort".
This is something I have been advocating since 2005.
Australia has often thought of itself as ''the lucky country'', at least since Donald Horne coined that phrase in the 1960s (with an ironic intent not recognised by most Australians).
But if we don't want the present boom to end with the luck of the Irish, then we need to think carefully and boldly about how we use our current run of luck.
http://www.theage.com.au/business/luckier-than-the-irish-20101130-18ffd.html
The second lesson is the one spelt out by Reserve Bank governor Glenn Stevens at the 50th anniversary dinner of the Committee for the Economic Development of Australia this week, that the government should seek to run "considerably larger budget surpluses in the upswings of future cycles than those to which we have been accustomed in the past" and that consideration should be given to "the management of any net asset positions accumulated by the government as part of such an approach … in a stabilisation fund of some sort".
This is something I have been advocating since 2005.
Australia has often thought of itself as ''the lucky country'', at least since Donald Horne coined that phrase in the 1960s (with an ironic intent not recognised by most Australians).
But if we don't want the present boom to end with the luck of the Irish, then we need to think carefully and boldly about how we use our current run of luck.
