impeach the board of the rba, page-11

The RBA made the mistake of not understanding the role of house prices as a foundation of our economy, lowering interest rates and increasing money supply sent house prices through the roof, but Glenn Stevens doesnt look at house or asset price inflation as a point of stability, Stevens and the RBA fed the flames of house asset inflation without regard to the long term stability of the economy.

In Steven's mind if your house goes up in price its investment growth, if your bread and milk goes up its inflation. The man is a fool, he believes that the single biggest cost to a household (the home you live in) should be ignored as a component of inflation, but if your bread, oil and milk go upt its a threat to price stability.

The capacity to take on debt is a reserve asset of a country, if we control our debt and keep it low then in troubled times we can borrow through those times.

Stevens has encouraged the country to become more indebted to buy housing? How is that more productive for the country?

Now we are at our maximum debt levels and the fault of this can be layed at the feet of the RBA and now this muddle headed man wants to crush economy because oil is going up

High interest rates causes inflation it crushes investment

All the while he is expanding money supply, hes raising interest rates and raising money supply.

He should be lowering interest rates and contracting money supply to preserve our economic health not break everyones back

but as Stevens says "thats life get used to it"