GeographyDude
Gone Fishin'
GFC = Great Financial (Institution) Collapse of 2008?As it happens we were both, we were the only developed country to avoid recession during the GFC! Although KRudd did blow all the savings we had in the bank and run us into debt. . .
And Congrats to the Aussies for being both smart and lucky! Although I'm sure you were hurt somewhat because your trading partners were hurt, right?
And this is the point where I become a Keynesian and we may or may not part intellectual company. I very much accept a counter-cycle approach to spending: during low times, we do want to deficit-spend to boost the economy, and during boom times, we want to save money both for it's own sake and to cool the economy.
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