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The main skill set of this organisation is cutting...

The main skill set of this organisation is cutting interest rates to absurd record low levels, which has the effect of damaging savers and encouraging debt-fuelled real estate speculation in Australia's cities. The long term effect of this will not be pretty.

A high savings rate and investment is what causes an economy to grow. This has been understood throughout history by a range of economists ranging from Adam Smith to Karl Marx.

It is very difficult for an economy to grow sustainably over the long term with interest rates at these absurd levels.

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