Let's blow out the cobwebs

Bernard Hickey argues the Reserve Bank and the Government should 'red line' the economy's engine with extra bursts of stimulus that clean out the 'gunge' of low inflation & interest rate expectations

The Reserve Bank and the Government should 'red line' the economy's engine with extra bursts of stimulus that clean out 'gunge' of low inflation and interest rate expectations. The current more cautious approach risks entrenching inequality, low productivity, low wages and an over-leveraged housing sector.