“We're spending today and leaving the debt for our kids.”
Former Reserve Bank of Australia Governor Dr Philip Lowe joins IPA Chief Economist Adam Creighton as the inaugural guest of ‘The Prosperity Question' podcast to warn that Australia's persistent budget deficits are leaving future generations with more debt, more interest and a lower standard of living.
📺 Watch the full discussion: https://t.co/DPgwEAhaMm
#GovernmentSpending #Debt #Australia
At its meeting today, the Board decided to increase the cash rate target by 25 basis points to 4.60 per cent.
Read the full statement here: https://t.co/wXEMA1bRdH
Carney still fascinating. Cuts net immigration to zero, announces 10% reduction in federal civil service, 1.2GW data center, cuts to cap gains and corporate tax, privatize airports, govt rapid support of fossil fuel extraction. Result: *massive* popularity incl. amomg left! 1/2
The RBA seems way too concerned with the economic effects of the AI data centre buildout when I’m still here sitting around waiting for the economic productivity effects of the Internet.
Iykyk
@plebcapital They didn’t heed the Taleb quote that there is no such thing as medium risk assets. They truly believed they were getting 10%+ returns on “rock solid” “safe as houses” “holds it value forever” risk assets.