Business
Economics professor Justin Wolfers says Australia ‘failing’ as land of the fair go – ABC News
Economics professor Justin Wolfers says policymakers have not tried for genuine full employment for “40 years” and central banks are not infallible.
When many economists speak their audience falls asleep.
Key points:
- Professor Wolfers says the Reserve Bank has made serious errors in the past
- He says the RBA needs to be clearer about its view on asset prices
- He says Australia’s self-image as the land of the “fair go” is failing
But there are a few around the world who make people sit up and listen.
Australia’s Justin Wolfers is one of them.
The 48-year-old professor was named by the International Monetary Fund (IMF), in 2014, as one of the 25 brightest…
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