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Australia did enter this with better fundamentals in terms of trade and so on, but that was no guarantee. Just because you have a strong levee doesn't mean you'll survive because you don't know how big the wave is. Turned out, though, that we did pretty well. But only after the size of the...

Surely it was obvious the govt would do SOMETHING. No one knew whether it would work, but not expecting the government to do anything is like saying 'this patient would have died if the ER doctors hadn't saved him'. There's no guarantee the doctors would have been successful, but does it make...