Economics

It’s the Money Supply, Stupid!

24th October 2023 QED Peter Smith Frequent contributor The minutes of the monetary policy meeting on October 3 of the Reserve Bank Board were issued last week. They cause a stir. The Board decided to leave the cash-rate target unchanged at 4.1 per cent. That didn’t cause the stir. Several observations and the concluding comment did. HereContinue reading “It’s the Money Supply, Stupid!”

Money Out the Door: Australia in the Shadow of Keynes 26th May 2023 Comments (2) Geoff Kingston Around the time of the Whitlam government (I can’t remember the exact year), I was part of a large audience for Harry G. Johnson at the National Press Club. Johnson was a distinguished economist and a big bearContinue reading “Economics”

Economics

The RBA is Broken and This Won’t Fix It 23rd April 2023 Comments (4) Peter Smith Frequent contributor All of the goings-on with the Reserve Bank (RBA) yet not a mention that I could see in the press about the money supply. A new expert panel – the Monetary Policy Board (MPB) – will apparentlyContinue reading “Economics”