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I wish I had had this book when teaching social policy : Comments
By John Tomlinson, published 11/4/2016Richard Denniss has penned a remarkably accessible book entitled Econobabble: How to decode political spin and economic nonsense.
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Unfortunately all the (it can't be done, we can't afford it, we must live within our means) experts we've been saddled with in recent years, have used their visionary abilities just to win and hold power, and while holding it, spend like drunken sailors, creating unrealistic expectations and welfare for the rich, just to hang on to it?
We unlike most other comparable nations, have yet to use thirty year self terminating bonds, to finance projects that will do two things and a must!
#1, Stimulate the economy, and when complete, #2, earn enough income to, like our Snowy Mountains Scheme, pay off the entire debt burden over time and then earn a nice profit!
[And economic illiterates(quote, unquote) like John Howard wanted to sell it!]
Such projects might include a long overdue rapid rail system along our eastern seaboard, a range crossing in southern Q'ld. And a visionary inland shipping canal, that can provide an inexhaustible source of water that opens up our arid inland to equally visionary economic development.
Yes sure they're very big ideas, but do we have even one visionary leader with the capacity to think them and then having thought through all the possibilities replace the endless talk fest with can do action.
Our super funds are apparently over two trillion and there is comparable money sitting in various corporate coffers just waiting on visionary projects and safe haven government guaranteed investment opportunity, to get to work for us and indeed our very own economic growth/sovereignty.
It's beyond time!
Rhrosty.