Comment on Budget Night Thread
Salvo@aussie.zone 5 months agoIt is almost as if the economists who advise the government don’t understand economics.
If you pay more for a thing, it makes it more expensive, it is Economics 101.
And don’t get me started on the Reserve Bank and interest rates. “People have too much debt; let’s make their current manageable debt into crippling debt so they can’t survive at all! That will stop them from borrowing more money.”
Paradoxvoid@aussie.zone 5 months ago
I highly doubt the economists in Treasury were advocating for this. It’s 100% a political decision.