Comments on: Reserve Bank Leaves Cash Rate at 6.75% http://www.dailyreckoning.com.au/cash-rate/2007/12/05/ An independent perspective on the Australian and global investment markets Sat, 21 Nov 2009 17:27:32 -0600 http://wordpress.org/?v=2.8 hourly 1 By: Coffee Addict http://www.dailyreckoning.com.au/cash-rate/2007/12/05/comment-page-1/#comment-5353 Coffee Addict Thu, 06 Dec 2007 03:50:34 +0000 http://www.dailyreckoning.com.au/cash-rate/2007/12/05/#comment-5353 Actually most so called economic schools would come up with the similar conclusions. The Monetarists, for example, emphasise holding back the growth in money supply to the real rate of economic growth. Keynes promoted the kind fiscal stimulation we now see but only in the context of his own times. Even Dan and Bill have at times acknowledged the usefulness of such stimulation when ALL of the other economic parameters are there to support a long growth cycle. This is not currently the case. In any case politics and bull will defeat logic right up to the day of the inevitable collapse. Actually most so called economic schools would come up with the similar conclusions. The Monetarists, for example, emphasise holding back the growth in money supply to the real rate of economic growth.

Keynes promoted the kind fiscal stimulation we now see but only in the context of his own times. Even Dan and Bill have at times acknowledged the usefulness of such stimulation when ALL of the other economic parameters are there to support a long growth cycle. This is not currently the case.

In any case politics and bull will defeat logic right up to the day of the inevitable collapse.

]]> By: Market Socialist Dude http://www.dailyreckoning.com.au/cash-rate/2007/12/05/comment-page-1/#comment-5314 Market Socialist Dude Wed, 05 Dec 2007 08:21:53 +0000 http://www.dailyreckoning.com.au/cash-rate/2007/12/05/#comment-5314 Stagflation...wasn't the neoliberal revolution supposed to have cured us of such ills? Stagflation...wasn't the neoliberal revolution supposed to have cured us of such ills?

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