Hi Guys !!!!!!!
I am not an economist but I may have the solution to our (Australia's) unemployment problem. We may know that unemployment is at 5.2 %. This is low by international comparisons but we can do better by changing the policy on the inflation front. Currently, the reserve bank tries to keep inflation between 2-3 %. Every time the economy shows signs of increased activity, up go interest rates to keep inflation to the 2-3% range. If at an inflation range of 3-4 % gets the unemployment rate down to 0% (including the disabled) and it can be managed to keep it at 3-4%, then people can improve their situation in life.
Just a thought!!!!!
Adrian
I am not an economist but I may have the solution to our (Australia's) unemployment problem. We may know that unemployment is at 5.2 %. This is low by international comparisons but we can do better by changing the policy on the inflation front. Currently, the reserve bank tries to keep inflation between 2-3 %. Every time the economy shows signs of increased activity, up go interest rates to keep inflation to the 2-3% range. If at an inflation range of 3-4 % gets the unemployment rate down to 0% (including the disabled) and it can be managed to keep it at 3-4%, then people can improve their situation in life.
Just a thought!!!!!
Adrian
