Or you screw the country's banking system, and we become so poor we cant import anything, and places like china will start using us as a country for importing factory goods from lol. In which case i hope you all know how to make LCD screens and microwaves and kitchen sinks..
so if inflation goes up, so will your home loan interest rates to match.. compare inflation and cash rate on the RBA website over the last few decades if you dont belive me..
so your debts will get bigger, as you will start paying 17% interest again
