Mark Bouris on Australia's Economic Woes

[Black Orchid]

Everybody assumes that the only way to kill inflation is high interest rates.

It’s just not true.

A lot of the inflation in the economy can be solved by common sense policy.

Gas is a good example.

Businesses and households right across the country are going broke because they can’t afford gas.

That’s even though Australia is one of the world’s largest gas producers.

It’s absurd.

The problem is we export all our gas.

America makes sure domestic industry has enough gas before sending gas overseas. Australia does the opposite.

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Four in five of the new jobs created over the last few years have been in sectors that rely on government spending.

We also have more laws than ever, because we have more bureaucrats than ever. That makes the cost of doing business higher.

Something needs to change.

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If the government scrapped the fuel excise tax, fuel prices would come down massively.

That would see inflation fall, and it would take pressure off the Reserve Bank to keep rates high.

This is all common sense stuff.

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https://www.news.com.au/finance/economy ... 9cbfd8c2f4

[Bobby]

Good find BO,
it also says:



That will also help bring down inflation.

The same goes for silly taxes.

The payroll tax is a good place to start.

Why does the government tax businesses to employ people?

That’s the last thing we should be doing if we want to bring down inflation and keep the economy healthy.