User talk:Apollo1986

From Wikipedia, the free encyclopedia

...‘As for the government’s record [by 1987], Keating claimed complete success. The big macroeconomic issues of growth, employment, the trade imbalance and inflation had been solved. Now it was time to look at the more ‘delicate’ microeconomic issues’ (p. 312). Thus the Treasurer and Treasury appropriated the microeconomic agenda as naturally appropriate, given their superior expertise. Responding to the October 1987 share market crash, ‘Keating urged calm and rejected claims that a world depression had commenced’...[1]

Yes I am. Please refer to the quote I left on your talk page. Apollo1986

Your last quote just proved exactly what i'm saying. "After winning an historic fifth-term victory for the Labor Party in 1993, Keating pursued his micro-economic reform agenda" - as my quote states, "‘As for the government’s record [by 1987], Keating claimed complete success. The big macroeconomic issues of growth, employment, the trade imbalance and inflation had been solved. Now it was time to look at the more ‘delicate’ microeconomic issues’" Timeshift 06:09, 15 November 2007 (UTC)

And I have amended the page as such. I can't seriously believe you think Keating's floating the of dollar was a microeconomic rather than a macroeconomic reform. It's simply economics 101. Timeshift 06:14, 15 November 2007 (UTC)

"

Yes, micro and macro economic reform. Both were a part. But the big reforms, such as floating the dollar, is a macro not a micro reform. If you disagree with this then you do not have any credibility in this issue because you are demonstrating such a fundamental lack of knowledge. Timeshift 06:23, 15 November 2007 (UTC)

Wikipedia disagrees: "The beginning of microeconomic reform is commonly dated to the floating of the Australian dollar in 1983" [2]

Furthermore: "The first phase of microeconomic reform in Australia commenced in 1973 with the Whitlam government’s 25 per cent cut in all tariffs, and related cuts in agricultural assistance of which the most controversial was the abolition of a bounty on purchases of superphosphate. This deregulatory phase reached its climax in the mid-1980s with financial deregulation (floating the dollar, abolition of exchange controls etc)." [3]

Starting to look like u just flunked Economic101!

"Underpinning these changes has been a bipartisan belief in the power of competition to drive economic progress. The impetus came from the Hawke Labor Government, and has been continued, with less zeal perhaps, by the Howard Coalition Government. In fact, with the significant exception of the present Government’s proposed changes to workplace relations, there is a growing notion that governments have become ‘reform weary’; the electorate is starting to resist further economic change... Microeconomic reform to date, through its concern with competition, has focussed on the supply side of the economy. For example, when tariffs are lowered, competition from foreign firms brings pressure on local firms to reduce prices or lift their quality. Utilities which, under public ownership, were high cost, overstaffed and unresponsive to customers’ needs, become much more efficient under the pressure of private ownership, particularly if they are also opened up to competition." [4] Apollo1986

including the word microeconomic reform in a larger paragraph is no substitute for proving a point. Refer to Talk:Paul Keating and we shall let the people decide. Timeshift 06:38, 15 November 2007 (UTC)

The articles discuss micro, not macro. As for your suggestion, let's allow for other users to decide. Apollo1986

"In one generation Australia has come through a massive economic transformation. The walls of tariff protection have come down. Government business enterprises such as Qantas, Telstra, the Commonwealth Bank, and state government utilities providing water, gas and electricity have been corporatised, privatised and, wherever possible, exposed to competition. Financial markets have been deregulated to an extent unimaginable 30 years ago.

[edit] While we wait

A question. Give me a single macroeconomic reform. A specific reform please. Preferrably from Keating (unless you argue he released no macroeconomic reform whatsoever). Timeshift 07:21, 15 November 2007 (UTC)

Hello? You do claim to have an economics degree... why won't you answer? Timeshift 07:28, 15 November 2007 (UTC)

Sorry, I had logged out. Macroeconomic reforms would have included tightening the budget after the deficit left by the Fraser government. The Accords were also an important part of macroeconomic management, as they were also targetted at controlling inflation. I never claimed to have an economic degree. Your sister did remember? (with Honors too, if I remember correctly) Apollo1986