Australian Politics Forum - RBA cuts rates

Armchair_Politician

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Re: RBA cuts rates
Reply #15 - Feb 19^th, 2025 at 1:11pm

John Smith wrote on Feb 19^th, 2025 at 12:10pm:

Armchair_Politician wrote on Feb 18^th, 2025 at 5:55pm:

John Smith wrote on Feb 18^th, 2025 at 4:30pm:

Armchair_Politician wrote on Feb 18^th, 2025 at 3:30pm:

Bobby. wrote on Feb 18^th, 2025 at 3:06pm:

RBA Governor is on TV right now answering questions.

Not one question about what caused the high inflation -

we all know it's her - printing money. Roll Eyes

The main cause is Albanese and his incompetence.

inflation was higher under the libs then it is now dumbarse Cheesy

Are you sure about that??? .

Absolutely. It was 5.1% when scummo left office, now its 2.4%. Not sure about what happens in your world but in my world 5.1 is higher then 2.4.

WOW! I dumb it down to a picture for you and you STILL get it wrong. Shocked

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Bobby.

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Re: RBA cuts rates
Reply #16 - Feb 19^th, 2025 at 1:14pm

freediver wrote on Feb 19^th, 2025 at 12:47pm:

Bobby. wrote on Feb 18^th, 2025 at 3:06pm:

RBA Governor is on TV right now answering questions.

Not one question about what caused the high inflation -

we all know it's her - printing money. Roll Eyes

Increasing interest rates is the opposite of printing money Bobby. If the RBA had not done that, inflation would have been much higher.

But who printed all that money? $1.2 trillion.

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Armchair_Politician

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Re: RBA cuts rates
Reply #17 - Feb 19^th, 2025 at 1:15pm

freediver wrote on Feb 19^th, 2025 at 12:47pm:

Bobby. wrote on Feb 18^th, 2025 at 3:06pm:

RBA Governor is on TV right now answering questions.

Not one question about what caused the high inflation -

we all know it's her - printing money. Roll Eyes

Increasing interest rates is the opposite of printing money Bobby. If the RBA had not done that, inflation would have been much higher.

Exactly! It's why in Zimbabwe you could at one time get a note for one hundred trillion dollars. That's called "hyperinflation" and was caused by, among other things, printing too much money.

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640px-Zimbabwe__100_trillion_2009_Obverse.jpg (101 KB | 2 )

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freediver

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Re: RBA cuts rates
Reply #18 - Feb 19^th, 2025 at 1:16pm

Bobby. wrote on Feb 19^th, 2025 at 1:14pm:

freediver wrote on Feb 19^th, 2025 at 12:47pm:

Bobby. wrote on Feb 18^th, 2025 at 3:06pm:

RBA Governor is on TV right now answering questions.

Not one question about what caused the high inflation -

we all know it's her - printing money. Roll Eyes

Increasing interest rates is the opposite of printing money Bobby. If the RBA had not done that, inflation would have been much higher.

But who printed all that money? $1.2 trillion.

Your ignorance is not an argument Bobby.

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Armchair_Politician

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Re: RBA cuts rates
Reply #19 - Feb 19^th, 2025 at 1:17pm

Bobby. wrote on Feb 19^th, 2025 at 1:14pm:

freediver wrote on Feb 19^th, 2025 at 12:47pm:

Bobby. wrote on Feb 18^th, 2025 at 3:06pm:

RBA Governor is on TV right now answering questions.

Not one question about what caused the high inflation -

we all know it's her - printing money. Roll Eyes

Increasing interest rates is the opposite of printing money Bobby. If the RBA had not done that, inflation would have been much higher.

But who printed all that money? $1.2 trillion.

The RBA injected money into the economy through bond purchases and other unconventional monetary policies, but it didn't actually print banknotes to pay for these purchases. Your argument is false.

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John Smith Gold Member Offline Australian Politics Posts: 75379 Gender:	Re: RBA cuts rates Reply #20 - Feb 19^th, 2025 at 1:24pm Captain Nemo wrote on Feb 19^th, 2025 at 12:15pm: The Covid 19 pandemic caused a large increase in inflation for obvious reasons. Covid was the excuse. Most of it was just profiteering
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Bobby.

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Re: RBA cuts rates
Reply #21 - Feb 19^th, 2025 at 1:25pm

freediver wrote on Feb 19^th, 2025 at 1:16pm:

Bobby. wrote on Feb 19^th, 2025 at 1:14pm:

freediver wrote on Feb 19^th, 2025 at 12:47pm:

Bobby. wrote on Feb 18^th, 2025 at 3:06pm:

RBA Governor is on TV right now answering questions.

Not one question about what caused the high inflation -

we all know it's her - printing money. Roll Eyes

Increasing interest rates is the opposite of printing money Bobby. If the RBA had not done that, inflation would have been much higher.

But who printed all that money? $1.2 trillion.

Your ignorance is not an argument Bobby.

I was just seeing if you know.

The RBA prints or creates all our money.

Is there anything else you'd like to know?

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John Smith

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Re: RBA cuts rates
Reply #22 - Feb 19^th, 2025 at 1:28pm

Armchair_Politician wrote on Feb 19^th, 2025 at 1:11pm:

John Smith wrote on Feb 19^th, 2025 at 12:10pm:

Armchair_Politician wrote on Feb 18^th, 2025 at 5:55pm:

John Smith wrote on Feb 18^th, 2025 at 4:30pm:

Armchair_Politician wrote on Feb 18^th, 2025 at 3:30pm:

Bobby. wrote on Feb 18^th, 2025 at 3:06pm:

RBA Governor is on TV right now answering questions.

Not one question about what caused the high inflation -

we all know it's her - printing money. Roll Eyes

The main cause is Albanese and his incompetence.

inflation was higher under the libs then it is now dumbarse Cheesy

Are you sure about that??? .

Absolutely. It was 5.1% when scummo left office, now its 2.4%. Not sure about what happens in your world but in my world 5.1 is higher then 2.4.

WOW! I dumb it down to a picture for you and you STILL get it wrong. Shocked

I know you got confused with the pictures ... all those pretty colours and lines must be difficult for you, but what part of my statement is wrong? Inflation was higher under the libs then it is now. FACT

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Our esteemed leader:
I hope that bitch who was running their brothels for them gets raped with a cactus.

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freediver

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Re: RBA cuts rates
Reply #23 - Feb 19^th, 2025 at 1:51pm

Bobby. wrote on Feb 19^th, 2025 at 1:25pm:

freediver wrote on Feb 19^th, 2025 at 1:16pm:

Bobby. wrote on Feb 19^th, 2025 at 1:14pm:

freediver wrote on Feb 19^th, 2025 at 12:47pm:

Bobby. wrote on Feb 18^th, 2025 at 3:06pm:

RBA Governor is on TV right now answering questions.

Not one question about what caused the high inflation -

we all know it's her - printing money. Roll Eyes

Increasing interest rates is the opposite of printing money Bobby. If the RBA had not done that, inflation would have been much higher.

But who printed all that money? $1.2 trillion.

Your ignorance is not an argument Bobby.

I was just seeing if you know.

The RBA prints or creates all our money.

Is there anything else you'd like to know?

Your point?

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People who can't distinguish between etymology and entomology bug me in ways I cannot put into words.

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Bobby.

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Re: RBA cuts rates
Reply #24 - Feb 19^th, 2025 at 2:07pm

freediver wrote on Feb 19^th, 2025 at 1:51pm:

Bobby. wrote on Feb 19^th, 2025 at 1:25pm:

freediver wrote on Feb 19^th, 2025 at 1:16pm:

Bobby. wrote on Feb 19^th, 2025 at 1:14pm:

freediver wrote on Feb 19^th, 2025 at 12:47pm:

Bobby. wrote on Feb 18^th, 2025 at 3:06pm:

RBA Governor is on TV right now answering questions.

Not one question about what caused the high inflation -

we all know it's her - printing money. Roll Eyes

Increasing interest rates is the opposite of printing money Bobby. If the RBA had not done that, inflation would have been much higher.

But who printed all that money? $1.2 trillion.

Your ignorance is not an argument Bobby.

I was just seeing if you know.

The RBA prints or creates all our money.

Is there anything else you'd like to know?

Your point?

I am blaming the RBA for causing the inflation.

Why didn't they stand up to the Govt and say -

NO - we refuse to print more money - it will cause high inflation.

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freediver

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Re: RBA cuts rates
Reply #25 - Feb 19^th, 2025 at 2:22pm

Quote:

I am blaming the RBA for causing the inflation.

Pointing out that there has been inflation and pointing out that the RBA has indirectly printed money is not the same thing as showing a causal link Bobby.

The RBA's actions cause inflation to tend closer to the target rate (2 to 3%) than it otherwise would without RBA interference.

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People who can't distinguish between etymology and entomology bug me in ways I cannot put into words.

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Bobby.

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Re: RBA cuts rates
Reply #26 - Feb 19^th, 2025 at 2:32pm

freediver wrote on Feb 19^th, 2025 at 2:22pm:

Quote:

I am blaming the RBA for causing the inflation.

Pointing out that there has been inflation and pointing out that the RBA has indirectly printed money is not the same thing as showing a causal link Bobby.

The RBA's actions cause inflation to tend closer to the target rate (2 to 3%) than it otherwise would without RBA interference.

That thinking caused us to be $1.2 trillion in debt.

http://australiandebtclock.com.au/

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freediver

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Re: RBA cuts rates
Reply #27 - Feb 19^th, 2025 at 2:51pm

Bobby. wrote on Feb 19^th, 2025 at 2:32pm:

freediver wrote on Feb 19^th, 2025 at 2:22pm:

Quote:

I am blaming the RBA for causing the inflation.

Pointing out that there has been inflation and pointing out that the RBA has indirectly printed money is not the same thing as showing a causal link Bobby.

The RBA's actions cause inflation to tend closer to the target rate (2 to 3%) than it otherwise would without RBA interference.

That thinking caused us to be $1.2 trillion in debt.

http://australiandebtclock.com.au/

No it didn't Bobby. If you are actually interested, get yourself an introductory macroeconomics textbook, rather than regurgitating every ignorant opinion you stumble across on the internet.

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Bobby.

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Re: RBA cuts rates
Reply #28 - Feb 19^th, 2025 at 3:00pm

freediver wrote on Feb 19^th, 2025 at 2:51pm:

Bobby. wrote on Feb 19^th, 2025 at 2:32pm:

freediver wrote on Feb 19^th, 2025 at 2:22pm:

Quote:

I am blaming the RBA for causing the inflation.

Pointing out that there has been inflation and pointing out that the RBA has indirectly printed money is not the same thing as showing a causal link Bobby.

The RBA's actions cause inflation to tend closer to the target rate (2 to 3%) than it otherwise would without RBA interference.

That thinking caused us to be $1.2 trillion in debt.

http://australiandebtclock.com.au/

No it didn't Bobby. If you are actually interested, get yourself an introductory macroeconomics textbook, rather than regurgitating every ignorant opinion you stumble across on the internet.

I know that money printing caused hyperinflation
in the Weimar Republic in Germany and in Zimbabwe.
You needed a wheelbarrow of money to buy a loaf of bread.

While we don't have hyperinflation we have had inflation that was too high.

One suburb in Melbourne in 2023 went up 27% in Unit prices and
was also high for house prices.
That's real inflation not the 2 to 3% that the RBA talk about and it's far too high.
I blame money printing.

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freediver

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Re: RBA cuts rates
Reply #29 - Feb 19^th, 2025 at 3:05pm

Quote:

I know that money printing caused hyperinflation
in the Weimar Republic in Germany and in Zimbabwe.

So you know 1 thing. I'll concede that you are not wrong on the one thing you know. But it is still just one thing Bobby. You know what to do if you want to actually understand this, rather than just regurgitating every ignorant opinion you stumble across on the internet.

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People who can't distinguish between etymology and entomology bug me in ways I cannot put into words.

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