In each of these four areas – competition policy, the reward for innovation, the industrial relations system and the education system – the choices that we make are critical to the flexibility of the economy. 3  See, for example, Australian Government (2015), Facilitating Crowd-sourced Equity Funding and Reducing Compliance Costs for Small Businesses, Consultation Paper, The Treasury.
Available at http://www.treasury.gov.au/~/media/Treasury/Consultations%20and%20Reviews/Consultations/2015/Crowdsourced%20equity%20funding/Key%20Documents/PDF/Crowd-sourced-equity-funding.ashx  4  See Productivity Commission (2015), Workplace Relations Framework, Draft Report, Canberra. Available at http://www.pc.gov.au/inquiries/current/workplace-relations/draft/workplace-relations-draft.pdf  BIS central bankers’ speeches  5  I want to conclude by noting that I have not mentioned interest rates once today. That is not because they are unimportant!