“Essentially, Australians buy and sell our houses among ourselves, bidding up the price of that little-changing stock of houses. Then we tell ourselves we’re all getting richer. Why is this anything other than a damaging self-delusion?”
If the Reserve Bank cuts interest rates again in a fortnight’s time, in whose interests will it be acting?
— Read on www.smh.com.au/business/the-economy/rba-should-stop-pretending-there-is-any-more-it-can-usefully-do-20200119-p53sp7.html