Professor Krugman said:
“Up-and-down economics is what one encounters on
the business pages of newspapers, or for that matter on TV. It is preoccupied
with the latest news and the latest numbers, hence its name:”According to the
latest statistics, housing starts are up, indicating unexpected strength in the
economy. Bond prices fell on the news…” This kind of economics has a reputation
for being stultifyingly boring, a reputation that is almost entirely
justified.”
But it’s all we get in Tassie. See for example
award winning journo Sue Neales tackle an analysis of the latest Mid Year
Financial Report released just prior to Xmas HERE:).
It’s little wonder that the level of debate that we
are now experiencing and will have to increasingly endure over the next 2
months not only causes boredom but it fails to explain our predicament leading
up to an important election for this State.