Quote #16

[Australian Reserve Bank] Governor MacFarlane said recently when Paul Volcker broke the back of American inflation it's regarded as the policy triumph of the Western world. When I broke the back of Australian inflation they say, 'Oh, you're the fellow that put the interest rates up.' Am I not the same fellow that gave them the 15 years of good growth and high wealth that came from it?

More from Paul Keating

  1. You just can't have a position where some pumped up bunyip potentate dismisses an elected government.
  2. Between 1999 and 2004 there was no investment in Australia, it all went into housing and consumption all borrowed on the current account. W…
  3. No choice we can make as a nation lies between our history and our geography. We can hardly change either of them. They are immutable. The …
  4. The little desiccated coconut is under pressure and he is attacking anything he can get his hands on... (he is) still there araldited to th…
  5. In the end it's the big picture which changes nations and whatever our opponents may say, Australia's changed inexorably for good, for the …
  6. All tip and no iceberg.
  7. By the year 2000 we should be able to say that we have learned to live securely, in peace and mutual prosperity among our Asian and Pacific…
  8. The fact is Burke is smarter than two thirds of the Western Australian Labor Party rolled together

All Paul Keating quotes