don't worry, the RBA were telling the LNP, warning the LNP for years about the reliance on monetary policy to stimulate the economy while the LNP literally sat on their hands refusing to fiscally stimulate
the LNP always has the same question to the RBA
'we needs jobs, we need growth, what are going to do about that Phil?
Phil warned them about asset inflation as a result of excessive easing
well we got our asset inflation and now we've got an economy so brittle and so unproductive so exposed to property and land value that the RBA is literally an almost irrelevant organisation because the levers it can pull have absolutely no effect on the assets / cost inputs / price makers that drive price inflation
exit Philip Lowe, enter Ms Bullock
the only thing that tightening monetary policy is guaranteed to do is pile on the misery for Australia's lower middle
and from the text of her remarks the pain for ordinary Australians is only going to get worse
Philip Lowe was dead right all along.. everything he predicted has come to pass and the consequences are there for all to see
- Forums
- Political Debate
- LNP Grills Bullock
don't worry, the RBA were telling the LNP, warning the LNP for...
-
- There are more pages in this discussion • 18 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)