IN AN election campaign hinging on economic issues, the Coalition has to deal with the inconvenient fact that, despite Labor’s “irresponsible” fiscal policies, on most measures the Australian economy is the strongest in the developed world.
The Coalition has argued that Australia’s success under Labor is primarily due to luck, most notably the continued strength of the mining boom. But this leaves it open to an obvious question. When the boom is over, and the next global recession comes, what would an Abbott government do differently? The answer, it seems, is that it would emulate New Zealand…
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