John Howard (Bennelong, Liberal Party, Prime Minister) Share this | Hansard source

It is true that all of those words quoted by the member for Lilley were in fact quoted by the Reserve Bank governor, but it was topped and tailed with the following statements:

Ah, well, it was logically defensible, yes. It was a logically defensible position.

That was the beginning. At the end he said that the government’s position was logically defensible.

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