Business
Alan Kohler: Welcome to Australia’s economic Fight Club – The New Daily
The two men running the Australian economy are completely at odds. The one who is right is powerless, and the one with the power is wrong, says Alan Kohler.
The two men running the Australian economy are completely at odds, fighting each other while saying theyre not.
The one who is right is powerless, and the one with the power is wrong.
Philip Lowe, the Governor of the Reserve Bank, is trying to get wages up, but he cant. Prime Minister Scott Morrison could get wages up but he is so deep in the habit of suppressing them that its an addiction.
So theyre at loggerheads. But the first rule of Fight Club is you dont talk about Fight Club.
Both of them…
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