On Line Opinion is a not-for-profit publication and relies on the generosity of its sponsors, editors and contributors. If you would like to help, contact us.
___________

Syndicate
RSS/XML

Budget `surplus` - wise policy or foolish mistake?

By Henry Thornton - posted Friday, 2 December 2011

5. Fiscal stimulus should be focussed on spending and tax policies that encourage Australians to be more productive and internationally competitive.

6. Recapitalisation of companies in trouble should to the maximum extent possible be from market sources. Should market sources fail, and jobs lost might therefore be great in number, recapitalisation by government with taxpayers funds should be in exchange for equity so that taxpayers can recover their investment in due course – 'No bailout without equity'.

Henry shall comment later today or tomorrow on the extent to which Australian economic policy is following these principles.

Meanwhile, Professor Quiggin or anyone else is invited to comment first.

Pages:
‹
1
Page 2
›
All

This article was first published on Henry Thornton on Wednesday November 30, 2011.

Discuss in our Forums

See what other readers are saying about this article!

Click here to read & post comments.

8 posts so far.

About the Author

Henry Thornton (1760-1815) was a banker, M.P., Philanthropist, and a leading figure in the influential group of Evangelicals that was known as the Clapham set. His column is provided by the writers at www.henrythornton.com.