““Oh no, look,” spluttered Oakeshott, “More than likely he would say no, he can’t command authority. But … the disappointing thing with the … Liberal party leadership is … it is more close to, you know, the BA Santamaria, the DLP view of the world, not true Liberal economics. It is closer to print-more-money economics.”
What’s he on about?
Abbott doesn’t advocate printing money. That’s Obama’s gig”
Windsor is making a crack about Abbott being like a DLP member a protectionist rather than a free market Liberal. Member’s of his own party feel this crack might be apt:
Former Howard minister Peter Reith: “Tony Abbott’s recent decision to change the onus on dumping reminds me of John Howard on protectionism before our election win in 1996, although John offered the reassurance that came with his generally pro-market values. My worry is not immediately the dumping decision, but what it says about the policy of an incoming Abbott government. Of course, anti-dumping provisions are allowed under WTO rules, but they have been often misused for protectionist interests. So any free trader will look very closely at anything called “anti-dumping”.”
In Sophie Mirabella’s words: “effective anti-dumping systems perform a crucial function in world trade by providing recourse against the insidious practice of dumping. This occurs where foreign producers attempt to sell their goods in overseas markets at a price below the one they would charge at home.”
and the American President has no power over the Federal Reserve except appointing the Fed board members who has to be approved by the Senate; thus a President advocating the Fed print money should have no affect.