The Power of Literature

The First Line of John Green’s The Fault in Our Stars is mesmerisingly brilliant.

“Late in the winter of my seventeenth year, my mother decided I was depressed, presumably because I rarely left the house, spent quite a lot of time in bed, read the same book over and over, ate infrequently, and devoted quite a bit of my abundant free time to thinking about death.”

Beautiful!

Surpluses and Deficits: A History

In the Weekend Australian today a fascinating article about the Australian Government’s record on Surpluses and Deficits.

David Uren writes, 

“Since the outbreak of World War I a century ago, there have been only 18 budget surpluses, 10 of them achieved under the government of John Howard….

Deficits are not a problem provided there is strong economic growth, and through the 1950s and 60s Australian registered tearaway growth rates averaging 5 per cent.

However, Australia has had a succession of budget crunch points, such as the one faced by the Abbott government now, where big budget turnarounds were required to keep faith with creditors or to control inflation.”

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