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Australians: Is It Time To Eat The Rich?

13 mins 10 mths

The leaders of the Reserve Bank of Australia (RBA) are calling for unemployment to rise. Yes, the RBA want more Aussies out of work so they can slay the dragon they call inflation. You may not have been aware that for the last 50 years the economists at the RBA have adjudged full employment as an unemployment rate of 4.5%. That equates to around 500, 000 ordinary Australians being out of work. These are the sacrificial bodies and souls, apparently, necessary for the economy to work without high inflation. I have an alternative suggestion. Australians: Is it time to eat the rich?

Economics Fresh