Remove this Banner Ad

Politics The Hangar Politics Thread

🥰 Love BigFooty? Join now for free.

Milton Friedman lived in a world where you’re meant to accept the premise that running a service or sector for profit means it will automatically be better for the consumer.

This was debunked a really long time ago btw.
 
Milton Friedman lived in a world where you’re meant to accept the premise that running a service or sector for profit means it will automatically be better for the consumer.

This was debunked a really long time ago btw.
Did you watch the entire hour and a half? Might change your mind. Communist.
 
in the long run, yeah if inflation is consistently running out of control with no supply shocks, etc, that would suggest that aggregate demand is too high and that government spending should be reduced/efforts should be made to rein in the supply of money. but over the last 15 years, inflation has not been running out of control in australia, despite a general increase in government spending by both sides.

after the Feb rate hike, before the latest oil shock, the rba governor made multiple references to supply constraints that means the moment that demand picks up, we run into problems. there's a fiscal policy element to that, but there's also a productivity element to try get supply on the improve. the government had already been indicating their budget priorities were going to be around trying to get some productivity reform happening, and some tax reform stuff, and those things should still be the government's priority.

(also the government has also spent most of it's time in power trying to get NDIS spending under-control which is probably one of the biggest things you could say is out of control)
 

Log in to remove this Banner Ad

The government is a factor in inflation, there's no doubt about that. There is even an argument that they're the main contributing factor.

But if they hadn't been spending our economy would've tanked a long time ago. They took a shot at keeping the economy in check, looks like it wont play out the way we all hoped. So be it.
 
The government is a factor in inflation, there's no doubt about that. There is even an argument that they're the main contributing factor.

But if they hadn't been spending our economy would've tanked a long time ago. They took a shot at keeping the economy in check, looks like it wont play out the way we all hoped. So be it.

NDIS is a plain example of that.

people are getting paid tonnes of money to do sweet **** all work.
 
2 weeks is a long time but if the final deal between the US and Iran comes anywhere close to the 10 points Iran is offering to negotiate on that would be a staggering defeat for the US and Israel
 

Remove this Banner Ad

Remove this Banner Ad

🥰 Love BigFooty? Join now for free.

Back
Top Bottom