Submitted 3 weeks ago by bignose@aussie.zone to australianpolitics@aussie.zone
https://www.theguardian.com/commentisfree/2026/oct/04/yanis-varoufakis-australia-interest-rate-rise
Slashing and burning housebuilding and investment today will inhibit inflation a little in the short-run at the price of diminishing long-term supply – a sure way to breed more long-term inflation.
This is not an anti-inflation policy. It is a cynical transfer of income from people who did not cause the problem to people who are, in fact, profiting handsomely from it. And it is an excuse for further acts of vandalism on some of Australia’s important institutions.
We’re seeing another facet of the generation lump that is boomers
No i’m not “blaming boomers”. I’m pointing out that once again the size of that generation compared to those before and after is causing huge issues with systems that weren’t designed for it.
Much like we had to bring in superannuation when cooler heads realised the pension math was not mathing, we need a radical new idea to deal with the economic pressures caused by a significant cohort that are not overly affected by debt, nor particularly incentivised to save.
The RBA rates lever is not going to work here. Find a better way.
Salvo@aussie.zone 3 weeks ago
“You plebeians are borrowing too much money”. “We are not getting paid enough and need to borrow money to survive”. “Our solution is to make your repayments higher so you need to borrow even more money to survive!” “…” “Why are you borrowing even more money to survive!?”
Cherry@piefed.social 3 weeks ago
Those who took on too much debt shouldn’t hold the rest of the nation to ransoms.
Aus is an affluent country used to having a high disposable income. They will likely all keep spending.
They need to start taking the medicine. The ironic lucky country is being realised here
bignose@aussie.zone 3 weeks ago
There is also significant wealth inequality in Australia. Many, many people do not have a high disposable income. Should they “take the medicine” of unemployment and price hikes?
Aussiemandeus@aussie.zone 3 weeks ago
You realise if all the people, normal people go broke it won’t be good for anyone.
Ordinary people can’t afford their house then they don’t go but coffee then the people working at the coffee shop lose their jobs and everyone falls down.
We shouldn’t be trying to bring the country down we should be trying to lift everyone else up.
I sure as shit don’t know how but that’s what we need to do
ryannathans@aussie.zone 3 weeks ago
I’m too high for this, which direction are you supporting?