Sell more home loan credit – at any cost to the economy!
It is literally this decision that has been decided, because Henry George showed wages and the return to capital goods are are what’s left over after rent [bigger mortgages] has been extracted.
Undoubtedly, the Morrison government will now try to keep the property bubble from deflating further–as per the Rudd-Swan government’s $50 billion plus expenditure from 2008–if a recession is to be avoided. But it’s too late now, ScoMo!
The answer lies here, but it’s too difficult for politicians to carry through, so batten down, folks!