Business
Anti-MMT Frydenberg says debt must be controlled – The Australian Financial Review
Treasurer Josh Frydenberg said Modern Monetary Theory “would break the nexus between fiscal and monetary policy”.

He said this would inevitably lead to inflation and blur the lines of independence of the Reserve Bank of Australia.
“If that was to happen it would certainly be inflationary and it would break the nexus between fiscal and monetary policy and the responsibilities that we have compared to the responsibilities that the Reserve Bank of Australia have.”
“I have also heard governor Phil Lowe talk about this in similar terms.”
Reserve Bank governor Philip Lowe’s July warning of higher taxes and pol…
-
Noosa News22 hours ago
Mega-team of heavy horses sets world record at Good Old Days Festival
-
Noosa News15 hours ago
NRL grand final quick hits: Reece Walsh creates magic after avoiding sin bin as Broncos survive Hunt, Reynolds injuries to win premiership
-
General15 hours ago
How the internet reacted to Brisbane Broncos winning the NRL grand final
-
Noosa News7 hours ago
New playground equipment encourages children to learn through ‘risky play’