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02/09/24
13:34
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Originally posted by Scott th Ratbag
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"the RBA is limited when a government increases spending, lowers taxes and provides bill relief etc when the aim is to reduce demand to reduce inflation."
you're partly correct. the Morrison Govt massively increased spending post covid. talked up the economy and demand while inflation was rising.
most importantly, the RBA was indeed limited - silent. no action. no discussion. controlled by Govt as they didn't want anything to damage their fragile support.
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Yes yes Scotty you've posted this many times, and every previous time I've asked you for a link or proof that the government influenced the RBA, and every previous time you've been unable to do so.
Is this time different, or the same?