4 Paul Keating Quotes on Economy

Paul Keating quotes on economy

2. If this Government cannot get the adjustment, get manufacturing going again, and keep moderate wage outcomes and a sensible economic policy, then Australia is basically done for. We will end up being a third rate economy... a banana republic.

11. We will not adopt the fantastic hypocrisy of modern conservatism which preaches the values of families and communities, while conducting a direct assault on them through reduced wages and conditions and job security.

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?

25. The accounts do show that Australia is in a recession. The most important thing about that is, is that this is the recession that Australia had to have.