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Behind the Lines

The Fundamental Law

Five images of Peter Costello explaining that when interest rates come down it's due to 'enlightened government policy' but when they go up, it's due to 'uncontrollable international forces'.

Alan Moir
3 May 2002

Ain’t that the truth. You could write a spin doctors’ manual based on this cartoon. Peter Costello served as John Howard’s treasurer from 1996 to 2007. A few days after Alan Moir’s cartoon appeared, Costello delivered his latest budget, in which – naturally – he claimed credit for a fall in interest rates.

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