Published: May 27, 2019
We’ve been told for years debt is bad but the RBA is calling for more infrastructure spending
The economy is slowing and things are grim. Fortunately there is a solution available to the government. No it is not waiting for the Reserve Bank of Australia to cut interest rates, but rather that it should take advantage of the record low interest rates it already is able to pay.
Long time readers of this column will know I am not a fan of concerns about government debt. One of the more annoying things for me of the past three to five years has been watching the ALP act like the growing level of government debt was a bad thing.
Continue reading...from The Guardian http://bit.ly/2Wk4B5x
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