Can you please make up your mind

Dear Prime Minister and Treasurer.

Can you please make up your mind.  Please.  Particularly you Mr Treasurer.

  • ASIC wants banks not to lend to people, but the RBA does.
  • APRA wants superannuation funds and insurance companies to merge, but the ACCC does not want anyone to merge.
  • APRA wants the banks to be sound and profitable but the Government complains when the banks engage in profit based activities, like not “passing on” RBA interest rate reductions.
  • RBA wants prices to increase because inflation is too low but the government complains when companies increase their prices, you know like energy and petrol price increases.
  • The Parliament passes wads and wads of legislation and regulation to stop businesses engaging in business yet the Government complains that businesses aren’t engaging in business and instead engage in activism.
  • The Government balances its budget by taking money out of household budgets but then complains that consumers aren’t spending.

Can you please just make up your minds.

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24 Responses to Can you please make up your mind

  1. Entropy

    The Parliament passes wads and wads of legislation and regulation to stop businesses engaging in business yet the Government complains that businesses aren’t engaging in business and instead engage in activism

    Well sure, the government has made it so hard to earn a living through doing business it is easier to earn a living via activism, getting involved in the political process and getting mates’ rates.

    The Government balances its budget by taking money out of household budgets but then complains that consumers aren’t spending.

    There is limited benefit to a politician in letting you keep your money. Taking and then giving some back though means the politician is Santa.

  2. Shy Ted

    They’ll make their minds up when the ABC tells them what to do.

  3. RobK

    It’s a tough gig out in bureaucracy-land. They are all fighting for survival.

  4. J.H.

    Living in the TaxPool is a complicated business.

  5. Karabar

    Perhaps they can find some retarded kid from Sweden who can give them some advice.

  6. Bruce of Newcastle

    Can you please just make up your minds.

    It’s hard to get consistency out of tofu.

  7. Pyrmonter

    Everything old is new again

    banks not to lend to people, but the RBA does.

    With the socialisation of risk inherent in the LoLR responsibility the RBA has assumed (together with its embrace of the rest of the 60s package of Kindergarten Keynes), what is reasonably sought is lending to people who will repay the loans

    APRA wants superannuation funds and insurance companies to merge, but the ACCC does not want anyone to merge.

    APRA’s embrace of ‘Big is Beautiful’ reads like a caricature of 60s corporate finance – a time when illiquidity and instability in finance justified the formation of conglomerates with offsetting cashflow risks. While some funds may be below viable size, as the retail sector has shown, size is no guarantee of performance. The economics profession could do something useful by dusting off what used to be taught about LRAC curves in first year.

    APRA wants the banks to be sound and profitable but the Government complains when the banks engage in profit based activities, like not “passing on” RBA interest rate reductions.

    JF engaged in unforgivable bank bashing. If the banks weren’t so dependent on good relations with government, they might have (deservedly) returned fire.

    RBA wants prices to increase because inflation is too low but the government complains when companies increase their prices, you know like energy and petrol price increases.

    This is the most remarkable comment. Lowe and Debelle seem to have gone digging around among Debelle’s dad’s undergraduate textbooks and found Karmel, Harcourt and Wallace’s Economic Activity. The bank’s discussion of inflation is as if there was no Monetary History; no stagflation; no monetarism, old, market or even ‘modern’; no Meltzer, no Brunner.

    The Parliament passes wads and wads of legislation and regulation to stop businesses engaging in business yet the Government complains that businesses aren’t engaging in business and instead engage in activism.

    Does this government, staffed so frequently with recycled lobbyists and staff understand that its business is _not_ to produce more legislation? Or that it can refuse the suggestions of its now thoroughly left-leaning bureaucracy?


    The Government balances its budget by taking money out of household budgets but then complains that consumers aren’t spending.

    Should we be looking for more consumer spending? (Has TAFKAS been reading Karmel, Harcourt and Wallace?) Surely greater production is what Dr Kates would (in this case, rightly) be calling for?

  8. Has TAFKAS been reading Karmel, Harcourt and Wallace?

    TAFKAS does not know who Karmel, Harcourt and Wallace are. By the point about spending was illustrative of inconsistent policy and not a call for action.

    Much like TAFKAS is not advocating for more inflation.

  9. Dr Fred Lenin

    The first six months of a Dr Fred led government will be spent repealing stifling laws ,we will liberate people fron bureaucrtic socialist opression.
    Vote or Dr Freds Populist Movement for liberation from globalism .

  10. struth

    TAFKAS…………………..good stuff.

    But will a jouno or anyone ask that question to the PM and DEMAND he take a position?

  11. billie

    the Gillard government passed a Climate Tax, to stop people using fossil fuels by making things expensive, but then gave a hardship handout because prices were rising .. the Robin Hoods of our era

    that to me was the epitome of not having a forking clue what they were doing, or worse, thinking we were so stupid as not to see the trick

    this is intriguing though, the government and RBA are confused about why people are not spending .. it’s because we don’t trust you, you bastards!

  12. NuThink

    Just because the advice is different and contrarian does not mean it is not the same. In modern maths anything can be equated with anything at all. That is why we have STEM, as in education and stem cells which can be made in to nearly any other cell I believe. After all we have equality and diversity at the same time. Yeah, I cannot work that one out but that is what is pushed by the foke (folk who are woke) on TV. They must know what they are talking about – they are our leaders after all – and would not tell us so if it were not true. Now would they? I think the one espoused often on TV is paraphrased “If we weren’t all different we wouldn’t be the same”

    PS ten times zero is zero, and a million times zero is zero, so it is obvious that ten equates to a million.

    Disclaimer – I am not a mathematician. But I learn Mr Fawlty, I learn.

  13. NuThink

    Bruce of Newcastle
    #3178063, posted on October 8, 2019 at 11:13 am
    Can you please just make up your minds.

    It’s hard to get consistency out of tofu.

    Maybe not so hard to get consistency. Some of the countries listed below are very consistent in culture and /or thought.

    Tofu market in APAC

    APAC is the fastest-growing segment of the global tofu market. The major contributing countries in this region are China, Japan, South Korea, Vietnam, the Philippines, Thailand, and Indonesia. The rising demand for nutritional diet and increasing disposable income have significantly helped in the growth of the tofu market in APAC.

    Plant-based proteins such as tofu extracted from soy have high demand in APAC. The production of soy in the region is led by China, followed by Japan. Consumers are more inclined toward soy-based foods such as tofu as it is easily digestible, has a high amount of protein, and has high nutritional values.

  14. Tim Neilson

    The first six months of a Dr Fred led government will be spent repealing stifling laws

    So the tumbrils and pikes are being deferred?

  15. duncanm

    Most of those examples are reality vs. politics.

    “what we do” (reality) versus “what we say” (politics).

  16. John Barr

    Definitely hit the nail on the head there. But, that’s the way Governments of all persuasions work. Ay. Keep it all confusing & everyone fighting. It’s good for Governments. Ay.

  17. Dr Fred Lenin

    No Tim , the social cleansing will proceed at the same time ,cannot deprive the honest taxpayers of their reward . A contract for the construction amd supply of guillotines will be frst cab off the rank with eexpressions of interest from aspiring oporators,a well renumerate d and socially rewarding job . There is a sense of history and drama about the gullotine that exceeds other forms of disposal of socially unacceptable units . Starting with a clean slate is important .
    Seriously politics is full of units who thoroghly deserve the scaffold for their actions .

  18. Pyrmonter

    @ TAFKAS

    Peter Karmel was the youngest ever chair of an Economics Department in Australia – appointed at 27 to Adelaide, shortly after returning from Cambridge with a doctorate. Went on to be Vice Chancellor at Flinders, then ANU. Author of a Whitlam era report on school education, and, if nothing else, was the epitome of post War Keynesian technocratic consenus. Died in 2008.

    Geoff Harcourt, father of Tim, is a well known Post Keynesian, kept company with the likes of Jim Cairns.

    Bob Wallace – Adelaide based economist, contemporary of the other two, now at Flinders.

    Authors of ‘Economic Activity’ – a collection of essays published in the mid 1960s, referred to earlier in the post.

  19. Entropy

    Consumers are more inclined toward soy-based foods such as tofu as it is easily digestible, has a high amount of protein, and has high nutritional values.

    It also means men are loaded up with plant based estrogens and grow breasts large enough to make Bill Shorten jealous.

  20. duncanm

    Consumers Metrosexuals are more inclined toward soy-based foods such as tofu

    FIFY – oh, and quiche.

  21. Chris

    The government reduced tax levels but only when you lodge your tax return. They have not reduced the tax payable for this year’s tax tables. You will only get the benefit of reduced tax for 2019/2020 when you lodge your next tax return!

  22. Colonel Crispin Berka

    Great comment from TAFKAS.

    The Government balances its budget by taking money out of household budgets but then complains that consumers aren’t spending.

    A wallet is a tremendous burden for a minion. Our superiors will spend our money for us.

    If it weren’t for the climate, open spaces, and family connections, who on earth would stay here?
    They say the best way to learn how to run a business is to start one and fail. But if you do that in Australia you’re playing the game on hard mode.

  23. DaveR

    I’m late to the conversation, but now it all becomes clear:

    The Government is the problem.

    Do you think they know?

  24. John A

    Can you please just make up your minds.

    I would prefer:

    “Can you please just get out of the bl…y way!”

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