The Reserve Bank's new boss has not backed away from tough talk, saying the bank must use its "blunt" tool of interest rates to hammer out inflation for the collective welfare of Australians.
It’s by design unfortunately. All those in a position to actually make decisions about fiscal and monetary policies are the wealthy class, with vested interests in keeping the model in their own favour. Privatise gains, publicise losses, and shift debt onto the next generation before they can do anything about it.
It’s by design unfortunately. All those in a position to actually make decisions about fiscal and monetary policies are the wealthy class, with vested interests in keeping the model in their own favour. Privatise gains, publicise losses, and shift debt onto the next generation before they can do anything about it.