@ABCthedrum@DaveTaylorNews The Australian economy needs a period of rehab to get over its addiction to cheap credit. All that capital wasted on housing speculation should instead be used for innovation and entrepreneurship, which would actually contribute something meaningful in terms of living standards.
@discoball2000 The Australian economy needs a period of rehab to get over its addiction to cheap credit. All that capital wasted on housing speculation should instead be used for innovation and entrepreneurship, which would actually contribute something meaningful in terms of living standards.
@Dominiq48917046@ksyd2015 @discoball2000 Inflation arises due to demand exceeding supply. If supply shrinks then to avoid inflation, demand must too. Central Banks trade on their credibility. If they allow inflation to run out of control, it becomes embedded (people expect high inflation sobargain high wages).