monetary policy seems to be linked to inflation in the general economy
but this is wrong
all our problems are due to greedy property speculators and people wanting MacMansions
forget about inflation in food and petrol
all problems arise from high house prices eg subprime
monetary policy should be linked to house prices more than anything
Keep interest rates up and pound property prices, I say
read on
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http://seekingalpha.com/article/71798-imf-study-finds-housing-prices-closely-linked-to-monetary-policy?source=patrick.net
the rba should pound property prices hard
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