Economics

Was at a talk at the Aust High Comm last night, given by Tim Harcourt,
Chief Economist for Austrade. Most poignant point was his opinion on
why the Australian economy has weathered the many economic storms over
the past without enduring any recession whatsoever, through the AFC,
GFC etc. The reason stems from the fact that the Aussie dollar was
freely floated in 1983, financial system fully deregulated and all
trade tariffs abolished by Paul Keating/Bob Hawke from the ruling
Labour Party govt. Najib/Bank Negara take note.