From Green Whiskers

Is it Wayne the bold or Swan the Unready?

Posted in: Opinion pieces

By Henry Ergas
November 6, 2008

SPEAKING in Brisbane last week, Wayne Swan said that "as Treasurer, I'm effectively minister for markets". His job, he explained, involved more than merely promoting the benefits that markets could bring. Rather, it required taking the lead in "designing markets that can serve the public without blunting the incentives that enable them to allocate resources effectively and generate prosperity". But these needed to be "the right type of markets", which were not "those that reward greed". To that end, they needed to be "creatively constructed and informed by evidence". To read the whole paper click the link below.

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