Comments on: Is raising interest rates the right response? http://www.crikey.com.au/2008/02/05/is-raising-interest-rates-the-right-response/ now with extra source Sun, 12 Feb 2012 02:48:10 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: ross http://www.crikey.com.au/2008/02/05/is-raising-interest-rates-the-right-response/#comment-9014 ross Thu, 01 Jan 1970 10:00:00 +0000 #comment-9014 Rudd should allow the tax cuts to continue only for people earning $75k or less. Over $75k should be canned and the money saved put into improving infrastructure. Maybe Kevvie could buy back a couple of lanes on Epping road? Rudd should allow the tax cuts to continue only for people earning $75k or less. Over $75k should be canned and the money saved put into improving infrastructure.

Maybe Kevvie could buy back a couple of lanes on Epping road?

]]> By: Neville Ward http://www.crikey.com.au/2008/02/05/is-raising-interest-rates-the-right-response/#comment-9015 Neville Ward Thu, 01 Jan 1970 10:00:00 +0000 #comment-9015 The Reserve Bank’s “charter” (Section 10(2) of the Reserve Bank Act) sets out the RBA Board’s responsibilities as “(a) the stability of the currency of Australia; (b) the maintenance of full employment in Australia; and (c) the economic prosperity and welfare of the people of Australia.” The word “inflation” does not appear in the Act. The word “inflation” appears six times in the RBA Governor’s Statement today (out of a total word count of 340). The words “currency”, “employment”, “prosperity” and “welfare” are nowhere to be seen. Has the RBA Board forgotten its brief? The Reserve Bank’s “charter” (Section 10(2) of the Reserve
Bank Act) sets out the RBA Board’s responsibilities as “(a)
the stability of the currency of Australia; (b) the
maintenance of full employment in Australia; and (c) the
economic prosperity and welfare of the people of Australia.”

The word “inflation” does not appear in the Act.

The word “inflation” appears six times in the RBA Governor’s
Statement today (out of a total word count of 340).

The words “currency”, “employment”, “prosperity” and “welfare”
are nowhere to be seen.

Has the RBA Board forgotten its brief?

]]> By: Dr Harvey M Tarvydas http://www.crikey.com.au/2008/02/05/is-raising-interest-rates-the-right-response/#comment-9016 Dr Harvey M Tarvydas Thu, 01 Jan 1970 10:00:00 +0000 #comment-9016 Notice how critique of Howard policies changed after he was outed. Economistist are bought and sold & have let us down. Given exceptions (Wood, Keen, Coombs) they don’t think just recite and can’t even detail a definition. The RBA is wrong & was in 1996 Notice how critique of Howard policies changed after he was outed. Economistist are bought and sold & have let us down. Given exceptions (Wood, Keen, Coombs) they don’t think just recite and can’t even detail a definition. The RBA is wrong & was in 1996

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