The Forum > Article Comments > Inflation dragon stirs > Comments
Inflation dragon stirs : Comments
By Henry Thornton, published 1/8/2006Delays so far mean interest rate rises will be too little to late and will end up being higher than necessary.
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Talk about flogging a dead horse. How can being able to screw workers wages down, while they are paying more for basics, and hitting them with increased interest rates be good for us.
All that I can see is that the neo-fuedals will be able to buy houses cheaply, when the interest dragon slaughters their owners ability to pay even more to the mogul banks.
The big will swallow the assets of the small and then the bigger will swallow the big etc...
The neo-cons (and I don't mean neo-conservatives but new con- artists - some even use dead guys to hide their identity) are still trying to convince the ordinary folk that they know best and that we really do get paid too much. We should be happy with just a tad more than abject poverty for the priviledge of making them rich.
How about tackling inflation by putting pressure on the obscene profits made by big companies, who often export the profits offshore, and the repugnant salaries of big business ceos.
Put controls on the amout of credit that is available through schemes like the pay-nothing-for-12months deals. These deals send their profits, gouged from the naive, straight offshore.
This is just another article trying to do a snowjob on the ordinary people of Australia.