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The Forum > Article Comments > Interest rate cuts won't be enough to stave off a recession > Comments

Interest rate cuts won't be enough to stave off a recession : Comments

By Henry Thornton, published 2/7/2013

The Gillard government and its treasurer ignored negative global developments and Australia's dangerous lack of competitiveness.

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Rubbish Henry Thornton. Nothing will change unless we get back to monetary sovereignty.

We now borrow from foreign central banks who create money from nothing,money to equal increases in our productivity. Hence the more growth we have, the more debt we incur. Why cannot our RBA create at least some of the money to equal increases in growth?
Posted by Arjay, Tuesday, 2 July 2013 8:10:20 PM
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