Malcolm Fraser’s biography is actually called Malcolm Fraser: The Political Memoirs, but according to his biographer (or narrator, as she calls herself) Margaret Simons ‘Enduring Liberal’ was one possible title, perhaps with a question mark. The book makes clear that Fraser has seen himself as following a liberal philosophy through his long political life, though a pragmatic one.
Fraser’s reputation on this is perhaps worse than it should be, because over the last few decades the most contested freedoms have been economic, and his record as an economic liberal isn’t great – though the biography argues persuasively that it is better than many assume.
A chapter on financial deregulation shows that there was a lively internal debate within the government, with Fraser and his office generally pushing for less regulation, while Treasury and the RBA took a more conservative line. By the time Hawke and Keating actually implemented financial deregulation much of the thinking, discussing and planning had already been done. In this sense, Fraser laid the groundwork for what followed. Continue reading “Malcolm Fraser’s liberalism”