The most recent figure out of Canberra was a peak of 5 or 6 per cent. Far from being the highest in history, it is closer to the lowest Reserve Bank Governor Glenn Stevens denying coalition claims of public debt.
It was, I think, probably the best designed stimulus program in the world and you should be happy with the fact that it worked in exactly the way it was designed to work Nobel Prize winning economist Joseph Stiglitz on the Rudd stimulus package.
