Thursday, 21 August 2014

Vindicated (Part II)

This morning Matthias Cormann told the Australian public something I'd suspected as long ago as May-June this year.

He's announced that the Medical Research Future Fund is basically a piece of economic legerdemain - a way of showing an asset on the balance sheet.

This is being sold to the media as Cormann 'supporting this marvellous humane medical research agenda with sound economics', but methinks it was actually the core idea all along.

Unless - awful thought - I gave Cormann that idea by writing about it in Quadrant, July-August issue, when I decided to ask whether the Commonwealth should have anything to do with medical research funding, seeing as they normally couldn't pick a winner in a one-horse race.

Yikes.

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