i want to vote labor again but, page-41

To be fair to Keating, it was another Paul, Volker who lifted interest rates to the moon. Then as now, we cannot exist with a lower interest rate than the US.

Keating was hated because sometimes told the truth, such as when referring to the Pacific Peso and the "recession we had to have". That was far more honest than this eternal kicking the can down the road we have today.