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Monday message board (special duplicate edition)

March 27th, 2006

It’s time, once again for the Monday Message Board. As usual, civilised discussion and absolutely no coarse language, please.

Update As I managed to post this twice, there are two Monday threads this Monday. Pick whichever one suits you best.

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  1. gordon
    March 27th, 2006 at 10:07 | #1

    Back in November last year, Prof. Quiggin devoted a couple of posts to exploding the Australian “productivity miracle” which supporters of microeconomic reform were trumpeting. “Productivity growth since 1993-94 has been no more than the long-term average”, he said conclusively, and indicated that he wouldn’t post on productivity again for a while.

    I wonder whether the introduction of the Howard Government’s IR “reforms” will drive Prof. Quiggin out of retirement on this topic? No doubt the same people who claimed a “productivity miracle” then will make another similar claim for the new IR laws.

    If this occurs, I wonder whether Prof. Quiggin will give some prominence to the “liquidity glut created by expansionary monetary policy around the world” (post on “Interest Rate Bearsâ€?, 14/3/06) as an explanation for Australia’s ability to avoid a recession in the period 1994/5 to 2004/5? (Followers of Prof. Quiggin’s posts on productivity will remember that he attributed Australia’s reasonable growth rates in this decade to a combination of recession-avoidance and improving terms of trade.)

    The reckless creation of credit (printing money) by the US and Australia at rates far in excess of real economic growth impresses me as being a major factor in keeping the economic boat afloat during this decade. I was therefore glad to see Prof. Quiggin allude to it in the Interest Rate Bears post, and would be even more glad to hear his views on whether, without such monetary fecklessness, our growth (and hence productivity performance) would have been far worse than it was. And will the IR laws’ implied work intensity increases produce any kind of productivity improvement without the money glut?

  2. gordon
    March 27th, 2006 at 14:53 | #2

    A Monday all of my own…

  3. Seeker
    March 27th, 2006 at 15:42 | #3

    There are 2 Mondays the 27th of March, 2006?

    Did I take one step into some strange parallel universe?


  4. March 27th, 2006 at 15:45 | #4

    Yes, this is lefty land. Somewhere close enough to reality to appear plausible, but requiring correction.
    Some of us are trying :-). Others are very trying.

  5. Stephen L
    March 27th, 2006 at 15:57 | #5

    I’m deeply puzzled by Miranda’s rant about supposed whinging from people affected by Cyclone Larry. Is she under the impression that Ingham is full of latte-sipping, refugee supporting opponents of the Iraq war? Surely she would never denounce good ordinary Australians who voted for John Howard.

  6. March 27th, 2006 at 17:20 | #6

    Monday message board is now in stereo. Well done Prof Q.
    And Aussies aren’t innovative? Bulldust to mockers.

  7. Steve Munn
    March 27th, 2006 at 17:51 | #7

    Stephen L says: “I’m deeply puzzled by Miranda’s rant about supposed whinging from people affected by Cyclone Larry. ”

    Lay off Miranda Mr “L”. Every time I read Miranda I feel just that little bit smarter.

    If only I could reinvent myself as an conservative hack I reckon I could land a comfy News Ltd job.

  8. March 27th, 2006 at 18:25 | #8

    Just so you all know, Chris Hanna has been announced as elected to the lower house in the SA election. He ran as an independent after brief flirtation with green machine after leaving ALP (leftish). So beneath the ‘Rannslide” is a degree of stout and critical independence in voter intent in both upper and lower house. All is not lost.

  9. Rob
    March 27th, 2006 at 19:54 | #9

    A local plan to build a new technical school in a disused high school that is nearly derelict, recieved a shock $16 million handout from the Feds after many years of wrangling. Locals are mystified but if you view it from the Howard plan to minimise government it is no mystery. The “operator” who recieved the lollies is a private company of course and the plan is privatised education. As the NSW government has shown us only those who can afford the tolls will derive any benefit.

  10. March 27th, 2006 at 20:45 | #10

    Indeed, Marko.

    Victorian election may well prove beneficial for Labor independents, with left zest. If only they have the gutse to do it. Can only wonder whether, Steve Bracks, has concerns about changes to electoral laws, that he introduced.

    Upper House needed reform and will most interesting to watch. Tick for Steve, but reckon he may regret his early zeal, as he moves further to the right. He may be forced to eat his greens.

  11. March 27th, 2006 at 22:34 | #11

    My comment on the alternate version of this Monday message board is incorrect.

  12. brian
    March 27th, 2006 at 23:57 | #12

    Joe @..above..has a point regarding Victoria.!
    The reformed Upper House,consists of 8 Provinces ,each electing 5 Members,on a “senate type”vote.
    This will mean the two major parties should win 2/each in most Provinces,though Labor should win 3 in the Western Suburbs of Melbourne. The 5th seat in each Province(like Senate/or Tasmanian seats)will be up for grabs ,with the Greens having a good chance of picking up seats in several

    of the 5 Melbourne provinces.
    In several of these they polled above 10% in the Federal elections,and they could count on preference-flows from which ever major party drops out.
    There is some real anger among Labor-Left voters at the way bad decisions by the Labor Right saw the Labor surplus elect Fielding from Family First at the Federal Poll ,instead of the Green candidate,Ristrom,an outstanding candidate.
    The Vic. ALP made a deal with Family First to try and save their very Right-wing retiring Senator,Jacinta Collins(who lost anway). Collins came from one of the old-DLP Unions readmitted to the Vic ALP some years ago,and with he Right-to-Life position ,must have seemed quite OK to Family First.
    This fits with the current “Quasi-DLP” position of many in the Vic ALP.
    So many on the left will be voting(and working!) for Greens candidates come the State poll in Nov.
    Interestingly,the fading Victorian Nationals,who currently hold 4 seats in the Upper House,could be wiped out there,as they may have a battle,even with Liberal prefs. to get anywhere near a 16% quote in any of the 3 country provinces They also face a new conservative rural group”The Country Alliance” which is made up of a host of country groups,including the gun owners lobby ,et.al.
    Holding only a handful of lower house seats,the Nationals face oblivion ,just as in W.A and S.A.
    Oddly this is in a state where they were ,until the 1950’ies,as dominant as they once were in Q’Land.
    Indeed between 1935-45,they had the only all- Country party state Government ever!. It was a minority government it’s true ,and kept in power by Labor. Think about that !!

  13. Waratah
    March 28th, 2006 at 07:14 | #13

    PM Lawrence made an insightful point on the other Monday message board.

  14. Terje Petersen
    March 28th, 2006 at 08:10 | #14


    I can not say that I agree with you.


  15. March 28th, 2006 at 09:49 | #15

    Tripe, the pair of you. A vast suburb-devouring wall of tripe.

    I’ve finally found a topic where I feel happy being abusive.

    Damned doppelganging iconoclasts!

  16. March 28th, 2006 at 22:14 | #16

    That’s why I love mondays so much!!!

    Eureka it has come again 🙂

  17. James Farrell
    March 29th, 2006 at 07:14 | #17

    Dear Captain,

    No doubt you’ll announce it anyway (as you should), but I’ll grab the opportunity to wish you a very happy 50th. I’m sure the next half century will be just as productive and inspiring.

  18. jquiggin
    March 29th, 2006 at 07:54 | #18

    Aww, someone remembered ! Thanks, James.

    I hereby appoint you honorary bosun of the Karaboudjan.

  19. Bring Back EP at LP
    March 29th, 2006 at 08:43 | #19

    both PM Lawrence’s answers are wrong and right whichever edition

  20. Jill Rush
    March 29th, 2006 at 23:26 | #20

    Four independents in the House of Assembly in SA and two Independents in the Legislative Council plus a new Greens rep and a Family First replacing a Liberal – a party which gave its preferences to FF. One wonders if the Labor and Liberals will realise that preferencing FF is not actually a help but a hindrance. Meantime the independents seem to be on the rise despite the lack of party support and funding.

    It will be interesting to see if these results are replicated elsewhere. Can’t help but wonder if independents could be a greater force against the Howard hegemony than the Labor Party.

  21. March 30th, 2006 at 00:18 | #21

    Karaboudjan or Karabidjan?

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