"The next 2 years will be a decider. If Australia opens up it's...

  1. 5,925 Posts.
    lightbulb Created with Sketch. 37
    "The next 2 years will be a decider. If Australia opens up it's mining again and doesn't let green agendas hold it back then that could be the one thing that if we do head into a recession of this kind will be a saviour. but the way we are heading now..."

    I must confess that I don't understand how a dig, dig agenda in the context presented here could be the saviour. A recession is caused by a fall in aggregate demand and a green agenda would just impact upon supply.

    A green agenda could have long term implications but not short-term ones. A recession is a short-term variation in economic activity. the capacity to produce is there but it is not being fully utilized. A green agenda may be against the opening of new mines or new oil wells with implications for the medium to long term.

 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.