I am very pleased to be able to be part of this year’s Australian Economic Forum. Two weeks ago, the Governor of the Reserve Bank of Australia (RBA), Glenn Stevens, gave a speech in Perth titled “Still Interesting Times”. One consequence of living in these interesting times is that there is no shortage of interesting things to talk about.
It would have been wonderful if Mr. Hansen had made use of his teaching skills, which involve the ability to get things across with ease, to remind us that in the marathon distances – in our case, approximating the level of European standard of living – sprinter’s tactics are of no use.