Name: 2013年危險思想節。Stephen Koukoulas和Judith Sloan--忘記債務。 (Festival of Dangerous Ideas 2013: Stephen Koukoulas & Judith Sloan - Forget Debt)
Uploaded: 2021-01-14T05:00:29.000Z
Duration: 1 h 2 min 32 s
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現在進行式

between two of Australia's heavyweight economists.

過去簡單式

I think if you tried to find two economists in Australia

you'd have a hard time finding anyone else to fill this stage -

Our two speakers today have exchanged barbs in the blogosphere.

They've penned columns criticising one another.

And they faced off on 'Lateline' earlier this year.

and they're now in the room, we have confirmed, for the first time,

speaking face-to-face for the first time.

I'm going to stand in the middle if it gets too heated.

and I'm about to introduce them in turn -

Professor Judith Sloan, and Stephen Koukoulas, who I'll get to.

First of all, Judith Sloan is one of Australia's best-known economists.

She's a leading figure in academic and business circles

with extensive experience in both the public and private sectors.

She's currently an honorary professorial fellow

at the Melbourne Institute of Applied Economic and Social Research

She's also a member of the Westfield board,

a director of the Lowy Institute for International Policy,

and the contributing economics editor of the 'Australian' newspaper.

And although it's an accolade you might not think much of, Judith,

female 'Australian' economics editor that we've had.

There was somebody else who was hoping for that title,

On 'Lateline' earlier this year, Judith said that

Australians are right to be nervous about public debt,

that the Labor Government wasted too much money,

and in fact a recession could have been quite useful in Australia.

We're going to stand by those and explore them in a bit.

Before we get to that, I'm going to introduce Stephen as well.

Stephen Koukoulas is the managing director of Market Economics,

which is a firm he established in January 2012.

He's been a working economist for more than 25 years.

That's a quarter of a century in journalist speak.

He started his career as an economist at the Commonwealth treasury

And most recently he worked his way all the way up to the top

and was a senior economic advisor to Prime Minister Julia Gillard.

Before that, he was the global head of economic research and strategy

for TD Securities, and he also spent five years working at Citibank.

It is timely for us to come together and talk about this topic today.

We're fresh from a rather gruelling federal election

which was fought, as elections often are,

and whether we need to reduce waste and debt,

with the Australian electorate seeming to have produced a verdict

which said that, yes, we do need to be worried about debt.

The world economy is also still experiencing a bruising recovery

which arguably, was caused by too much debt, both private and public.

If it wasn't so much the public debt that was the problem to begin with,

it has been the lasting legacy of the GFC,

with public debt in Europe and the United States

keeps threatening to tip us back over the brink and back into crisis again.

can we really afford to forget about debt?

And hopefully you'll know in about 57 minutes.

Just some administrative things before we start.

I'm going to ask the speakers to come to the podium

and do a sort of 10-minute kick-off rally speech

which will be followed by some general fisticuffs,

Then we've set aside 10 minutes at the end

If you want to ask a question, just pop up to one of these microphones

Also, everybody, turn off your phones and turn on your brains.

Can you join me in welcoming Professor Judith Sloan to the podium?

When I was invited to speak here, so, the Festival of Dangerous Ideas,

I was wondering, is it dangerous for me to attend?

I am assuming I don't have many fans here,

that it is important to be involved in the discussion,

to put points of view that perhaps people

might not initially feel very favourable towards.

And even though I think I do disagree with Stephen in some ways,

I think we are very civil towards each other.

Well, no, I'm trying to make an important point here,

because I think that if you look at the economic policy discourse

in the United States, for example, that is not what you'd call civil.

It's rude, it's personal, it's playing the man/woman.

And I don't think we ever want to get to that point.

And I guess Stephen agrees with me on that.

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2013年危險思想節。Stephen Koukoulas和Judith Sloan--忘記債務。 (Festival of Dangerous Ideas 2013: Stephen Koukoulas & Judith Sloan - Forget Debt)

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