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The Forum > Article Comments > RBA grapples with 'dilemmas, ordinary Australians suffer' > Comments

RBA grapples with 'dilemmas, ordinary Australians suffer' : Comments

By Henry Thornton, published 5/11/2013

The RBA needs help. Australian monetary policy alone cannot solve the problems posed by global asset inflation.

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No, true the RBA can't!
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
Posted by Rhrosty, Tuesday, 5 November 2013 12:09:21 PM
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Economists, like psychologists, try so hard to convince the proles that they are scientists. They fail dismally.

What economists tell us is right occasionally, now and again, never, always, every Blue Moon, when the stars align, etc.

Billionaires, realizing this, make mega-bucks. That's why the rich get ever richer and the rest of us get clipped and end up wearing a barrel.

The system is rigged. The seriously rich pay little or no tax. The average punter gets it in the neck from the tax department every time unless they happen to have been born under a lucky star.

We live in an uncertain world. Some people in the world get tips, you know, insider knowledge, info.

Henry, good luck to you. The rest of us are suckers!
Posted by David G, Tuesday, 5 November 2013 5:15:33 PM
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