Business
Michael Pascoe: RBA urges government to borrow big today in order to save a mint later – The New Daily
No surprise the headline reports of Guy Debelle’s speech focused on the chance of another rate cut, but they missed the most important part.
No surprise the headline reports of the Reserve Bank deputy governors Tuesday speech concentrated on the chance of another interest rate trimming, but they missed the most important part.
Fortunately hopefully it seems Treasurer Josh Frydenberg did hear what Guy Debelle was saying. To paraphrase Dr Debelles key message:
That stuff about this debt being a burden on future generations is BS. Borrowing big now will mean less debt later and the debt will be easier to manage.
So pin your ears back…
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