The Reserve Bank should do less

Wed, 28 Oct 2020

My eyes are attuned to lots of things, but at present three S’s are focal points. Stimulus, substitution and supply. Stimulus being pumped into the economy is huge, but the mix is not ideal. The substitution effect has helped the economy absorb some of covid-19’s challenges. Available supply, whether that be goods or labour is an intensifying issue. We need to fix the stimulus policy mix. The Reserve Bank have been open about their least regret strategy. Why tinker if you have ammunition to support the economy and eco...

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