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The Forum > Article Comments > Tough gauntlet ahead for new Reserve Bank chief > Comments

Tough gauntlet ahead for new Reserve Bank chief : Comments

By Graham Young, published 21/7/2023

The RBA's target is now going to get even vaguer because it is being given the mutually incompatible twin targets of inflation between 2 and 3 percent and full employment.

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Interesting title GY- thanks. Need to spend some time for worthy comment though. Kudos.
Posted by Canem Malum, Wednesday, 26 July 2023 4:40:19 PM
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Seems to be based on the opposing forces of Keynesian (low unemployment) and Friedmanian (low inflation) economics. But it's the Labor party that seems to be the cause of high unemployment during Corona due to shutting out of the workforce the unvaxxed- even now. This will lead to higher taxes and unemployment benefits spending.

But communists (Marxists, Keynesian's) do want to destroy capitalism (Friedmanian's).
Posted by Canem Malum, Wednesday, 26 July 2023 4:45:22 PM
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This change to the Reserve Bank seems to be dangerous blame-shifting of unemployment issues away from the government- it seems that Corona policy has been driven by the Communist Left- shutting down business in the name of public safety despite the dangers to the flow of resources within nations- now causing shortages and inflation and unemployment. Many people are still shut out of the national economy- and are forced to become burdens on society- reliant on the social security system. Like "Devils Snare" from Harry Potter- so the entrapped need to follow the same solution as Hermione Granger. Sad for the old and young alike for their career productivity and for the nation. As Sun Tzu says take away what they value and they will listen to you (and obey you)- the Communists seem to have used this strategy since Corona- holding the community hostage.

At some stage the community will have nothing to lose- it's probably better to do something about it now. But rarely is a civilization aware of the end of the line.

In reality nations and communities need a more balanced approach to crises.
Posted by Canem Malum, Thursday, 27 July 2023 5:42:12 PM
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