Just watching the ABC news. The RBA chief thinks the Australian dollar is too high and foreign banks are buying the Australian dollar.

Why not give everyone something like $10K or so? It would increase the money supply and thus reduce the value of the Australian dollar. It would boost many sectors of the economy that are struggling such as retail and tourism.

Domestic tourism would benefit in two ways. Firstly Australians would have money to spend on a holiday. Secondly travelling overseas would suddenly be more expensive so people would be more likely to holiday in Australia.

Australian exporters would suddenly be more competitive with a lower Australian dollar.

Doing something like this would be much fairer than the "quantitative easement" taking place in the USA or what is proposed for the EU. That sort of policy benefits the big bankers at the expense of all the people who have deposits or assets valued in American dollars. The quantative easement in America has been about the equivalent of $20K per capita. However America is still in the doldrums economically and people are really struggling.

Sure inflation would rise and plenty of money would be wasted on grog and crap but I think the upside could far outweigh the downsides.

Last time they gave money out...
They gave it to dead people and over seas backpackers as well...
Not to sure if I would like that to happen again especially with such a large amount of money

GypsyDrifter said...

Last time they gave money out...
They gave it to dead people and over seas backpackers as well...
Not to sure if I would like that to happen again especially with such a large amount of money

Whatever money is wasted this way would be a small percentage of the money wasted by quantitative easement which enriches the very few at the expense of the very many.

Mobydisc said...

GypsyDrifter said...

Last time they gave money out...
They gave it to dead people and over seas backpackers as well...
Not to sure if I would like that to happen again especially with such a large amount of money

Whatever money is wasted this way would be a small percentage of the money wasted by quantitative easement which enriches the very few at the expense of the very many.

What is quantitative easement?

No, no ..... I've got it
Sex Reassignment Surgery?

I didn't qualify for **** nut labour part rudds povo uneducated dumb single mum and struggling dumb**** bonus last time. What make me support a ****en hand out and another tax to pay for some HuingryJacks waveslave worker. One thing i object to support asylum seekers and budging ****s.
Dont expect a handout from the goverment
Dont kid yourself your dreaming. And the last labour handout the ****en stiffy package Robed the middle class and gave to the dole bludging single mum class.

Top signs your not getting $10,000 from the government.

#5 The ATO sends you an amended annual return bcos you didn't declare $0.23 interest from a bank account.

#4 Wayne Swan made another youporn video.

#3 You earn more than $10 a year.

#2 The government just blew it all on pink batts.

And the #1 sign your not getting $10,000 from the government... Juliar said you will.

Didn't John Howard have us in Surplus

and then Kevin 07 give out some money (John Howard's Surplus)to nearly every one (not me )
and then put us into deficit were we have stayed?

^^^ The Howard gov't was very conservative & didn't spend anywhere near enough on education, hospitals etc., instead they hoarded. As mentioned, the Labour gov't spent the savings.

We're probably just lucky it panned out that way in all honesty, other way around & we'd be a lot worse off imo.

Beaglebuddy said...

Tried something like that in the US but only $500 turned out it was like giving $500 directly to China, fools went out and bought big screen TV's and electronic chinese junk or else paid down debt which was a loss considering the idea was to try and stimulate the economy.

Yeah... What's your point. Say everyone went out and purchased a Chinese made TV,
That's 300 million TVs that need importing to the USA, that 300 million TVs needing to be unloaded by American employees, that's 300 million TVs needing transport to shops by US drivers, that's 300 million TVs brings sold in US shops.... I'm sure you get the picture.

busterwa said...

I didn't qualify for **** nut labour part rudds povo uneducated dumb single mum and struggling dumb**** bonus last time. What make me support a ****en hand out and another tax to pay for some HuingryJacks waveslave worker. One thing i object to support asylum seekers and budging ****s.
Dont expect a handout from the goverment
Dont kid yourself your dreaming. And the last labour handout the ****en stiffy package Robed the middle class and gave to the dole bludging single mum class.

Did the middle class buy robes?

Do you think $10k would be enough for a personality transplant?

^^ Gold

^ Adolf,

Simondo said...

^ Adolf,

Don't worry, you're on the list too