In 1986 Paul Keating warned the nation was headed towards economic disaster without reform. Now, Jim Chalmers faces a similar dilemmaFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastWhen Paul Keating stepped into a noisy kitchen in a Melbourne function centre for an interview with John Laws, he didn’t mince his words.It was 14 May 1986 when the then Labor treasurer told Laws that without some serious changes, a collapse in export prices meant our trade-dependent country was living beyond its means and fast on its way to becoming “a banana republic”. Continue reading...
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