Top Tweets for #RBAFail
@TheAusInstitute Despite other countries’ central banks cutting rates, the RBA board has been holding off on cutting interest rates for months to try and benefit Dutton and the LNP, because the vast majority of them are LNP mates and Neo-liberal ideologues.
#auspol #RBAfail
@MFWitches @SurveysbyForest And this meeting of the RBA was the first since the four big banks posted a combined annual profit of $31.5billion - mostly compliments of the high interest rates! #RBAFail
@GrogsGamut Yep. Interest rates doing a bang-up job of addressing supply driven & profit push inflation.
Almost like the RBA sledgehammer may not be the appropriate tool for the problem.
Heaven forbid #auspol #RBAfail #duopolyfail #economicsfail
#insiders as well as completely ignorant of how our monetary system works, media also oblivious to what causes inflation let alone what addresses it.
Perhaps #mediafail can explain logic of how interest rates address supply-war-profit driven inflation? #auspol #RBAfail
According to RBA statement (excerpt below) interest rates are being increased to address the PERCEPTION of inflation & through some magic they hope this will decrease inflation.
Let that sink in #auspol #ausecon #RBAfail #interestrates
@PEGSInstitute @theboatend @RobCl23 @grhutchens @GrogsGamut Agreed. Long past due we questioned the smoke & mirrors of interest rates as an intervention on infmation, particularly supply induced, corporate greed accelerated inflation. The logic of that alone is laughable #auspol #RBAReview #RBAfail
#ABCNews we are in the middle of a wage-price spiral...prices are spiralling up & wages are spiralling lower in real terms #auspol #ausecon #economics #RBAfail
Could #mediafail please ask #RBA how increasing INTEREST rates addresses energy & supply induced inflation? Will interest rates suddenly induce hens to lay more? Animal feed spring forth from the ground? Make Santos bosses release more Gas into domestic system? #auspol #RBAfail
@RonniSalt Lets question how interest rates do ANYTHING to address supply induced inflation? Lowe is beholden to an economic dogma that lacks logic let alone evidence.
Time for change #auspol #ausecon #economicsfail #duopolyfail #RBAfail #RBA
As we all digest yet another interest rate increase, could @RBAInfo please explain how interest rate changes does ANYTHING to address supply induced inflation?
Utter MADNESS #auspol #interestrates #RBA #economicsfail #ausecon #duopolyfail #ALPfail #RBAfail #raterise
With so much going on in the economy - inflation, full employment, housing, wages, to name a few issues, it is incredible the RBA has been silent.
Where are they?
#rbafail
@rave811crypto @TheKouk Correct!
Rates were too low for starters and for too long. Surprise high inflation occurred.
The RBA had the wrong policy settings back then and who's to say they've got it wright this time.?
#RBAFAIL
@DaveMilbo Long past due we questioned the underlying economic dogma driving RBA decisions.
Its not based in evidence, logic or reality & let's be clear, their forecasts on just about everything for over a decade have been consistently WRONG #auspol #RBAfail #economicsfail #duopolyfail
@GrogsGamut This isn't a forecast, its latest fantasy they have made-up. If anyone else had same record of failure they would have been fired long ago. Complete overhaul of whole system needed. Lets start with ending myth of 'independence' & go from there #auspol #RBAfail
#insiders apparently unaware Fed Reserve chair Jerome Powell well aware interest rates won't address inflation directly & admitted as such just a few days ago #auspol #mediafail #economicsfail #RBAfail
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