Sir Grappler Truth Teller OAM wrote on Feb 4^th, 2026 at 12:07pm:


You are ignoring the fact the CB, tasked with controlling inflation,  is independent of government.

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Labor's 'a fair go for all' narrative is already incapacitated by Neoclassical "austerity" economics.

Of course the Libs don't even pretend to believe in "a fair go for all", they are already  screamimg about maintaining tax arrangemets which overwhelmingly benefit the wealthy.


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Yes. see above.  

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All required as well, but governments captured by dysfunctional Neoclassical economics can't legislate fair taxes - eg, international resource extraction companies claim "sovereign investment risk". 

Dear TGD,

Jim Chalmers is trying to spin it some other way where he is not at fault -

in fact it is caused by his massive spending from money printing.

thegreatdivide wrote on Feb 5^th, 2026 at 1:45pm:



Explain to us your position on CGT discount again.

Bobby. wrote on Feb 5^th, 2026 at 6:01pm:


Your error: "money printing" by the RBA is confined to periods of economic emergencies:

(google)

"The Australian government issues bonds, and during specific economic crises, the Reserve Bank of Australia (RBA) has engaged in actions often described as "money printing" to support these bonds, particularly during the COVID-19 pandemic.

During the pandemic (2020–2022), the RBA implemented a Bond Purchase Program (BPP). It bought government bonds from commercial banks in the secondary market.

The RBA paid for these bonds by electronically crediting the commercial banks' Exchange Settlement (ES) accounts at the RBA—essentially creating new money "out of thin air".

By early 2022, the RBA had purchased $281 billion in government bonds.

Summary:

In normal times, government issues debt (bonds) to the private sector, to raise money.

[Note: This is an entirely unnecessary convention, because a currency-issuing government, by definition, doesn't need to borrow money. However, moving along...]. 

In economic emergencies, the RBA creates electronic money to purchase that debt, when normal  private-sector operations are too slow or dysfunctional (in the emegency).

The RBA stopped its bond-buying program in February 2022 and has since allowed its bond holdings to mature, reversing the "money printing" process.

ie,  reverting back to normal, with most money printing happening in private banks, when they write loans for credit-worthy customers. 

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The question is: in comparison to the money "printed" (ie created ex nihilo)
in private banks.

Then the governement would need to "show the books" to the electorate regularly, to avoid your concerns re a 'blank cheque'.

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The independent RBA "pisses me off" too...but for different reasons....

The elected government needs to manage costs (inflation) in the economy, by ensuring demand can be met by supply at all times.  not a task for an unelected 'independent' reserve bank.

Even at the age of 68 I still can't work this out.

"Inflation" is claimed to be caused by people spending too much money and the "idea" of interest rate rises is to slow down spending.

Is that right?

So, if people reduce their spending on shopping, holidays, etc., etc. doesn't that mean businesses may have to close (because of lack of customers) and workers lose their jobs?

Make it make sense.

I've suspected this for a long time but this whole financial system is a giant scam designed to keep the population in a constant state of panic which governments, banks and others are happy to see continue indefinitely because it diverts attention from their own massive incompetence, corruption and greed.

Bobby. wrote on Feb 6^th, 2026 at 11:33am:


Even when the government has to "print" money, to keep people alive in a locked-down economy?