An Australian dollar buys increasingly less in the property market — a colossal failure of policy
ABCIn this period of high inflation, most have noticed our weekly income can't buy the same amount of goods as it could a few years ago. Australia's 'full employment' history Photo shows Prime minister John Curtin and treasurer Ben Chifley walking near Parliament House in 1945 Australia's government used to want its allies to adopt "full employment", knowing it was in Australia's interest, writes Gareth Hutchens. The RBA has performed well over the past 30 years, says former governor Photo shows Bernie Fraser Former governor Bernie Fraser says the Reserve Bank of Australia's attempt to improve the welfare of all Australians has been undermined by decades of neoliberalism. Dr Coombs said the Commonwealth Bank ought to be substantially independent of government, but it should be used to play a crucial supporting role in Australia's post-war full-employment economy. Dr Coombs said when the authors of the Bank's charter talked about the "stability of the currency," they had in mind the value of the currency in its domestic and international contexts.
Discover Related
