Closing Dinner Neville Kennard Address

For much of the last century and for the beginning of this one, centre-right parties generally argued for a smaller state, lower taxes, balanced budgets, hard currency, and incentive-sharpening market reforms that would spur risk-taking, support business creation, boost economic growth and productivity leading to higher real wages.

In the wake of the 2008 Financial crisis and the 2020 Covid pandemic, the reach of Government has dramatically expanded sometimes with the active consent, sometimes with the facilitation, of centre-right parties. The big run up in Government debt has been justified by monetary theory that says that debt doesn’t matter so long as a country can issue Bonds in its own currency.

Is there a method of monetary creation that can fund a never-ending expansion of Government without adverse consequences? If so, are the traditional nostrums of the centre-right obsolete? Is there still a constituency for free market economics? Is it time go populist?


Director and Founder of the Centre for Independent Studies

Professor of Public Policy and Director, Centre for Applied Macroeconomic Analysis in the Crawford School of Public Policy at the Australian National University


Sociologist, Faculty of Arts and Social Sciences, University of Sydney.
Author of The New Authoritarianism

Director, Free Market Foundation, (Hungary)

Health Director, Health and BioSecurity, CSIRO

Director and Founder, Academy of Ideas, London, (UK)

Founder and CEO, Cognoscenti Group

Executive Director, The New Zealand Initiative (NZ)

Australian writer and columnist for the News Limited Press

Research Director, CIS

Programme Co-ordinator of the Masters of Urban and Regional Planning, The University of Western Australia

Chinese Canadian human rights advocate

Senior Research Fellow, Culture, Prosperity & Civil Society Program, CIS

CEO and Founding Director, China Matters

Former Liberal member of the Australian House of Representatives and Cabinet Minister

Pro Vice-Chancellor Arts and Academic Culture, and Professor of History, Australian Catholic University

Cancer researcher and clinical oncologist, with Genesis Care Newcastle

Founder and President, Middle East Forum, publisher Middle East Quarterly Journal, (US)

Professor of Economics, University of Melbourne

Senior Research Fellow and Director, Culture, Prosperity & Civil Society Program, CIS

Internationally acclaimed novelist and journalist, (US)

Head of Economic Research, Reserve Bank of Australia

Executive Director, CIS

Professor of Economics at Stanford University; Senior Fellow in Economics at the Hoover Institution and Chair of the Working Group on Economic Policy, (US)

UQ-CSIRO Chair in Personalised Nanodiagnostics, Professorial Research Fellow, School of Chemistry and Molecular Biosciences, University of Queensland

Diplomat, American Board of Pathology

Minister for Population, Cities and Urban Infrastructure

Liberal Party Member for Berowra

Australia’s Ambassador to China from 2007 to 2011, Chairman & CEO of Geoff Raby and Associates Ltd based in Beijing

Director of China and Free Societies program, CIS

Senior Research Scholar, Marron Institute of Urban Management, New York University, (US)