I see even Prime Minister Julia Gillard can no longer resist doing what she’s not supposed to do, i.e. advise the Reserve Bank of Australia to cut the cash rate – just as I’ve been suggesting since 2005.
Inflation’s hasn’t been the problem, guys! Mind you, it will be eventually [….. and how!]
Now that you’re at it, make the rentiers pay their way, Julia!
They are an untapped horn of plenty–more than one-third of the economy–the answer to all your revenue prayers.