Summary:
The fact that Australia didn’t experience a bad recession during the GFC is sometimes attributed to its better regulatory system. It would be a miracle were that true, since the Wallis Committee and all government interventions up until 2008 were done to reduce regulation, not strengthen it.
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Steve Keen considers the following as important:
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The fact that Australia didn’t experience a bad recession during the GFC is sometimes attributed to its better regulatory system. It would be a miracle were that true, since the Wallis Committee and all government interventions up until 2008 were done to reduce regulation, not strengthen it.
Topics:
Steve Keen considers the following as important:
This could be interesting, too:
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