The National Forum   Donate   Your Account   On Line Opinion   Forum   Blogs   Polling   About   
The Forum - On Line Opinion's article discussion area



Syndicate
RSS/XML


RSS 2.0

Main Articles General

Sign In      Register

The Forum > Article Comments > The rising 'cost of living' is a government problem > Comments

The rising 'cost of living' is a government problem : Comments

By Malcolm Roberts and Darren Nelson, published 15/3/2017

The final and hardest to understand 'cost-of-living' driver is banking.

  1. Pages:
  2. 1
  3. 2
  4. Page 3
  5. All
JF Aus,

Paul Keating put the Aussie dollar on the market because speculators were making heaps of money at the Australian government's expense. 'Twas 100% the right thing to do; now speculators make money at each other's expense instead.

The government should run expansionary economic policy to increase production and give more consumers the means to consume. Low interest rates are part of the way to do this, but the lower they get, the lower the benefit from cutting them further.

Another form of expansionary economic policy is for the government to run bigger deficits. One nice effect of having a floating dollar is that, providing it sticks to its current policy of not borrowing in foreign currency, the government has unlimited credit.

Whether driven by monetary policy (interest rates) or fiscal policy (government deficits) expansionary economic policy does have consequences. Though it's good for increasing production, it can have the disadvantage of increasing inflation, particularly when the economy reaches capacity. The solution I favour is to keep interest rates low and instead use fiscal policy to control inflation: ignore the level of government debt, increase deficits when inflation is low (as it currently is), reduce deficits when inflation's higher, and run big surpluses in the boom times (and don't be dissuaded from running big surpluses if the government debt is eliminated).

_______________________________________________________________________________

Yuyutsu,

Long wires are often more efficient than battery storage.

Governments investing in their own countries isn't nationalism; it's common sense! And though I concede the current version of the NBN is worse than leaving it all to the private sector, the same can not be said about the version that was originally planned. And the NDIS, allowing disabled people to live dignified and productive lives, should never be dismantled!
Posted by Aidan, Wednesday, 15 March 2017 2:14:42 PM
Find out more about this user Visit this user's webpage Recommend this comment for deletion Return to top of page Return to Forum Main Page Copy comment URL to clipboard
The gas, coal that come from our ground are our mineral wealth! Which foreign firms pay royalties? Some of which goes to the Australian people.

Another Adani anyone?

Think, if these debt laden speculators had their way, they'd replace locally sourced labor and material with cheaper imports. And even where they employ Aussies? Often FIFO.

WE are governed by idiots who cannot conceive of anything more visionary than dig it up and sell it? What happens when all those lucrative mines, for foreigners, are nothing more than worked out holes in the ground?

What happens when sanity finally prevails and coal is just dirty fuel we can't give away?

Sitting on hands endlessly repeating, nuclear energy is not party policy solves nothing, particularly the energy crisis.

Every western style economy rests on just two economic pillars, energy and capital!

And until we regain complete control of both those, we will teeter from one crisis to another, all while our record domestic and foreign debt balloons! And everyone knows what happens to over inflated bubbles!POP!

A people's bank would start the process as would the rollout of publicly owned and operated, very local, thorium based, cheaper than coal, thorium, which will power many cities, towns rural/regional centres and critical industries, steel and aluminum smelting.

Enable quite massive decentralization, plus unprecedented growth and prosperity.

Some gormless gutless wonders are apt to endlessly repeat, the government has no business in business!

To them we need to rise up on our hind legs and say, folks like you have no business in government!

All we need after traditional essential service back in traditional Australian public, not for profit hands, is deprivatised power and a people's bank to put real competition into the so called capital market.

Currently just the corpse of what was once our capital market and the private operators, vultures ripping everything of value from it.

While massive record debt balloons into uncharted territory!

Governments can and ought to take charge of this ballooning problem, just not with more of the same, flawed dogma and idiotic ideology, which created it!
Alan B.
Posted by Alan B., Wednesday, 15 March 2017 5:49:20 PM
Find out more about this user Recommend this comment for deletion Return to top of page Return to Forum Main Page Copy comment URL to clipboard
good download and install.you will certainly locate various sorts of http://ikodidownload.com/kodi-apk-download-for-android-app/ While Kodi sustains TV remotes, game controllers and also nice.
Posted by Hamish208, Wednesday, 15 March 2017 7:51:30 PM
Find out more about this user Recommend this comment for deletion Return to top of page Return to Forum Main Page Copy comment URL to clipboard
The problem in my opinion lies in commercialism and import. I mean if we were entirely self reliant for everything, I’m sure we could control all the different aspects of the economy to suit what we need. The problem is that other countries have their own agenda and that affects costs for us at home too. Unfortunately a free market is never really truly free.
Posted by webbrowan, Monday, 20 March 2017 2:24:17 PM
Find out more about this user Visit this user's webpage Recommend this comment for deletion Return to top of page Return to Forum Main Page Copy comment URL to clipboard
  1. Pages:
  2. 1
  3. 2
  4. Page 3
  5. All

About Us :: Search :: Discuss :: Feedback :: Legals :: Privacy