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RBA grapples with 'dilemmas, ordinary Australians suffer' : Comments
By Henry Thornton, published 5/11/2013The RBA needs help. Australian monetary policy alone cannot solve the problems posed by global asset inflation.
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However, if given the necessary authority, the RBA could, with a few stokes on a keyboard, introduce Quantitative easing, which could double the money supply, put huge downward pressure on the AUD, which in turn could possibly quite massively increase exports.
In any event, the govt, this govt, simply will not reform or massively simplify the tax act, or get back into the energy business?
Both of which would quite massively assist the RBA to both do its job, and earn a significant profit!
As would a govt back in the energy business!
Never ever going to happen with this (self destructive?) mob at the helm?
All they seem to be looking for, is what else they can sell, I believe, to temporarily, ease the tax burden on their rich mates?
Rhrosty