Post #2391160

@HardBeingGreen@theblower.au @tubsta@social.bsdlab.au THe Cash Rate does more than affect mortgages, it is a tool to control NAIRU (non-accelerating inflation rate of unemployment) because current economic thinking (Flawed IMO) is that low unemployment is inflationary. The RBA impacts private capital investments and job growth and everything else flows on from that. From this, you can infer that the RBA does not like full employment, ergo it is not looking after workers’ interests full stop. Mortage rates are set by greedy banks, not the RBA per se (look to Banks posted profits — seems it’s never high enough for shareholders/investors/rentiers). /forgot where I wanted to go with this toot/