ECONOMICS: The Aussie peso is dropping; but so is the penny*

After 15 years of “economic reform”, the Australian dollar has never looked sicker and the bromides offered by government spokesmen are increasingly unconvincing. Bob Browning can see a new consensus emerging.In developing the concept of potentiality, Aristotle reflected on the difficulty of properly describing an acorn if one had never seen an oak tree. Based on “promises-promises”, neo-liberalism has had a dream run in public policy circles since the 1970s. But now, for many people around the…

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