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Michael Stutchbury has spent most of his professional life charting the political economy of Australian prosperity for Australia's two national daily newspapers. The narrative begins with the surprising excitement of the 1960s mining boom and proceeds through the stagflation of the 1970s, the neo-liberal Labor reform revolution of the 1980s, the productivity dividend of the 1990s and then the unexpected China boom of the 2000s. But it peaked with the $US180 a tonne iron ore price in 2011 and 2012. Since then it has been slowly declining.
