Gough Whitlam was no economic radical

By Peter Martin
Updated October 30 2014 - 10:09am, first published October 22 2014 - 12:09pm

Whitlam's critics say he wasn't an economist, but he was entitled to believe he didn't need to be. Aside from a brief recession at the start of the 1960s Australia had just experienced more than two decades of extraordinary economic growth. By today's standards unemployment didn't exist. He inherited a rate of 1.9 per cent.

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