Anyone looking for early signs of distress in an economy
should forget John Maynard Keynes or Milton Friedman and listen instead to
Bruce Spingsteen, reports Reuters. That's the message from Australian Treasurer
Wayne Swan, who on Wednesday cited the American rocker, known as The Boss, as
one of his economic heroes.
Swan, named by banking magazine Euromoney as its finance
minister of the year in 2011, said Springsteen foretold the story of economic
and social change in the United States, particularly around his home state of
New Jersey.
"You can hear Springsteen singing about the shifting
foundations of the U.S. economy which the economists took much longer to
detect, and which of course everyone is talking about now," Swan said in a
lecture to ruling Labour Party members. Swan
said he was a university student in 1975 when he first became a fan of the New
Jersey rock star following the release of the song Born to Run.
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