17-11-2014, 07:46 PM
http://www.valuebuddies.com/thread-4912-...#pid100568
I think we should continue the discussion of Australian economics here.
Personally, I am only a watcher of economics on a globally basis. economics is a social science and there is no absolute right and wrong. However, it is a good observation of social science and human response to social issues. Its a never ending subject and to me its a never ending PHD subject.
I personally don't share BlueKelah's negative view on aussie economy. Actually, on a global basis, no economy is on an absolute recovery mode. QE has distorted the real picture and only those who have access to the credit infusion and made good use reap benefits.
Having said all that, the wealth effect will eventually filter through to the entire society.
I do not want to dwell on the debate as it is endless but economics being a balance will even out extreme with human interventions via various policies.
Will keep monitoring developments but as it is Australia is a wonderful country that emphasis freedom of speech and human rights. In fact, animal rights appear to be bigger than that of human at times. I stand on my all end in "Nothing" conclusion when we are dwelling with Aussie policies - otherwise how can Aussies be so laid back notwithstanding being a country with British colonial legal framework.
Stay Positive
The World Needs Positive Folks
GG
I think we should continue the discussion of Australian economics here.
Personally, I am only a watcher of economics on a globally basis. economics is a social science and there is no absolute right and wrong. However, it is a good observation of social science and human response to social issues. Its a never ending subject and to me its a never ending PHD subject.
I personally don't share BlueKelah's negative view on aussie economy. Actually, on a global basis, no economy is on an absolute recovery mode. QE has distorted the real picture and only those who have access to the credit infusion and made good use reap benefits.
Having said all that, the wealth effect will eventually filter through to the entire society.
I do not want to dwell on the debate as it is endless but economics being a balance will even out extreme with human interventions via various policies.
Will keep monitoring developments but as it is Australia is a wonderful country that emphasis freedom of speech and human rights. In fact, animal rights appear to be bigger than that of human at times. I stand on my all end in "Nothing" conclusion when we are dwelling with Aussie policies - otherwise how can Aussies be so laid back notwithstanding being a country with British colonial legal framework.
Stay Positive
The World Needs Positive Folks
GG