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The Forum > Article Comments > Wanted: some out of the box thinking at the RBA > Comments

Wanted: some out of the box thinking at the RBA : Comments

By Jonathan J. Ariel, published 12/9/2019

The RBA has pushed interest rates down about as far as they can go and needs to look at other remedies to make the economy grow.

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No. They have not been pushed down about as far as they can go; they can go to zero or minus, as they have n Demmark.
Posted by ttbn, Thursday, 12 September 2019 9:13:45 AM
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Well...when the movement of the white elephant is governed from the ivory tower, a different sun rises each morning to those trampled to death by its chaotic march.

Very shortly, if this keeps up, the only interested parties to economics as it should be...not as it is on the dangerous ground underneath the white elephant, will be the residents of the ivory tower.

Since thirty percent of their diminishing economy has been usurped by the black economy, inclusive of those of the desperate, trying to survive the bureaucratic nightmare. Mostly by dodging taxation with cash in hand payments, by our solid middle class tradies, and whoever else can get on board.

And worry not about the jobless, they have long ago left the platform, and joined the drug train on another entrepreneurial march towards making Australia not only the gay capital of the world, but the drug capital of the same world.

Best of British with this one!

Dan.
Posted by diver dan, Thursday, 12 September 2019 9:20:21 AM
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The RBA is limited in what it can actually do! Not so the federal government! If we would boos the economy and grow jobs? We need low-cost energy, low cost desalinated water and the adoption of government facilitated and funded, employee-owned and operated co-ops.

Co-ops were the only PRIVATE ENTERPRISE, FREE MARKET, BUSINESS MODEL, that survived the great depression mostly intact.

Why?

Because they above all else are far and away, the most efficient and productive, private enterprise business model and inherently free of unproductive union interference! And flexible in every sense of the word!

In fact, unions would and are very antagonistic to this business model because it completely deals them and their influence right out!

Vastly cheaper energy is possible only as deprivatized publicly owned, not for profit enterprise or co-op owned and operated facilities.

The latter being the most cost-effective and productive, by a country mile.

The lowest costing energy just has to be MSR thorium!

The lowest costing desalinated water is as proven in Texas field trials, is, deionisation dialysis desalination and so much so as to be available for cost-effective broad-scale irrigation!

Now how is this to be funded?

Well here's how!

We can agree now today and without delay to set up a safe repository for the world's stockpile of nuclear waste. And without allowing the obstructionist naysayers to have any further say! Just do it!

And with the deal done as a done deal, earmark the annual billions this service provision would generate as the funding for all the foregoing!

One can only wonder why we haven't done this already? Save the farmer suicide rate and the death by curable cancer, just doesn't concern our gormless, useless baggage. That calls itself a national government!TBC.
Alan B.
Posted by Alan B., Thursday, 12 September 2019 9:27:52 AM
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We need a referendum to get rid of almost useless double handling state governments and replace them/their role with a combination of local government and federal government, without need to increase the workforce of either. Assisted by and large by a means-tested direct funding model for both health and education, as an endowment payment the client or parent directs to, competing for the public funding, entities.

And assisted by vastly increased regional autonomy and volunteer boards that run our hospitals, water boards etc etc as they did when we were deep in the grip of the great depression.

And in the process, created some great, caring and inclusive communities and vibrant co-op ( cooperative capitalism) based regional economies. And in the process, liberate an additional 70+ annual billions that can be charged with nation-building, infrastructure projects, etc etc.

Or we can fiddle about a bit with counterproductive stuff like quantitive easing and wait for it to rain or this or that, debt-laden, tax-avoiding, price gouging, profit repatriating foreign investor to come here with their gold plated business models and make the whole thing far worse and we Australians, tenants in our own country! Or back to waltzing Matilda!?

The latter, a job almost half done and with the splendid cooperation of compliant, corrupt and crisis riddled governments? (100 million in corporate funding for a political party?) Little wonder they do not want funding arrangements to be transparent and reported in days, not the months and years pertaining to the present system.

If you hand over your money? You expect something in return? Don't you!?
Alan B.
Posted by Alan B., Thursday, 12 September 2019 10:24:33 AM
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"Wanted: some out of the box thinking at the RBA"

Wishful thinking. Bankers are not renown for thinking out of the box.
Posted by Raycom, Thursday, 12 September 2019 11:25:45 PM
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"Wanted: some out of the box thinking at the RBA"
The Public Service Senior bureaucrat Union needs to be put outside the box & made to think about the damage they've inflicted on this Nation ! The RBA won't pull the brakes on the bandwagon because they're riding on it themselves !
Public Service Senior salaries need to be brought back to realistic levels & should not be more than ten times the minimum wage. Any more & it becomes theft !
Posted by individual, Friday, 13 September 2019 12:04:14 AM
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