Quackonomics

If you read this blog, you’ve known since November last year what Peter Costello told Parliament yesterday: that Kevin Rudd’s ‘Brutopia’ comes not from the late British conservative intellectual Michael Oakeshott, but from Donald Duck comics. In the Treasurer’s words:

When you ask where he [Rudd] draws his inspiration for his quack economic policy, you find that it comes from a Donald Duck magazine. …This is the evolutionary cycle of the Labor Party. We have moved from Mark Latham’s roosters to Kevin Rudd’s ducks.

The SMH took it one better, labelling Rudd’s views ‘quackonomics’ (in a play on Freakonomics), but they are still buying the Oakeshott line:

Labor’s spin doctors argued that the tactics showed the Government had failed to find any point of substance against Mr Rudd. Yet you can be sure this year he will resist the temptation to intellectualise his subject matter with clever terminology even if it was actually borrowed from British conservative Michael Oakeshott, rather than Donald Duck.

I’ll email the journalist today and ask him to get Labor to provide the exact source of this claimed Oakeshottian term.