this post was submitted on 01 Jul 2023
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Reducing money supply has it's arguments for and against.
But this is useless hoarding. It's not smart, it's not good policy - it's purely because Labor have let Liberal and Murdoch decide the agenda for decades instead of just explaining in a soundbite-friendly way that government budgets are not household budgets
How is it not good policy right now in a time of high inflation? 5 minutes ago the media was bitching that government spending will increase inflation, are you sure "Labor have let Liberal and Murdoch decide the agenda" because it sounds like you've somehow turned into a Murdoch reader?
"Labor might be licking its lips with a budget surplus, but Australian households are on their knees in pain," Shadow Climate Change and Energy Minister Ted O'Brien said.
and inflation is the primary reason reason for the cost of living crisis? The recent massive energy price rise was largely due to inflation.
"Where there's a surplus, it's because the government is receiving more tax dollars, they are taxing companies, they are taxing the Australian people."
and you want to do tax cuts while there's high inflation!? Why is the Shadow Climate Change and Energy Minister Ted O'Brien talking economics???
Money sitting there is currently losing its value faster than usual due to the high inflation. It would be better used to provide resources to the community now as it will buy less resources in the future