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Why treasurers should go back to economics school

Professor Geoff Harcourt argues in The Conversation (19.8.14) that:  ‘Treasurer Speak’ in recent decades reflects serious conceptual misunderstandings of how economies work and how the functions of the state should be integrated with the workings of the private sector. The end result has been the use of scare tactics over a wide range of issues, tactics which have no foundation in proper economic logic.’

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