Joe speaks with the 26th Prime Minister of Australia, Kevin Rudd. Kevin led Australia from December 2007 to June 2010 and again in 2013. His government’s fiscal stimulus package enabled Australia to avoid technical recession during the 2007-09 Global Recession. Only three other advanced economies achieved this feat (Poland, Slovakia and South Korea). Kevin also played a key role in forming the G20 and coordinating its global response to the financial crisis. Kevin is fluent in Mandarin and is internationally regarded as a China expert. He is currently the inaugural President of the Asia Society Policy Institute in New York.
Joe caught up with Kevin to learn about the edge-of-your-seat discussions in the Australian government about whether to guarantee domestic banks on the weekend of 11-12 October 2008, worth a cool $2.5 Trillion, while the sky was falling in around the rest of the world. He also presses Kevin on the decision to introduce a temporary First Home Buyers’ Boost, which resuscitated a flagging housing market, potentially leaving a time-bomb for a future government.