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Reserve Bank must slow down with the changes : Comments
By Henry Thornton, published 3/3/2009Australia's recent economic statistics are surprisingly on the upside.
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Right on! They are working on the nonsensical theory that a lack of demand causes recession when wrong business decisions and taxation have made business less productive and less competitive, even with our shrunken dollar. Back to Keynes!
Supply side needs fixing so that the market can do what it is meant to do in free enterprise, democratic society. That’s how we will get out of the recession.
But, while people who are totally ignorant of economic management keep telling pollsters what a good bloke Kevin Rudd is, we are going to sink deeper into the mire.