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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: Elroy Jetson who wrote (77757)	4/16/2008 7:56:59 AM
From: Moominoid	Read Replies (1) of 116555

Fraser is denying here that he wasn't independent as you said: rba.gov.au "But he would say that wouldn't he"? I was basing my comments off an article I read recently that discussed a biography of Keating. It seems widely accepted in the financial media here that Reserve Bank independence increased during Keating's premiership and was formalized by the incoming Liberal government in 1996. I moved to Australia first in late 1996, so that was the impression I had. Everyone agrees that the Fraser-Howard government was a disaster on inflation etc. and that Hawke-Keating was a period of great reform. The Howard-Costello government has a more mixed record. Howard thought the voters were tired of change under Hawke-Keating and then in the end ran out of ideas anyway. Labor also repudiated Hawke and Keating and veered left till they realized more recently they had to get back towards the centre to be elected again.

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