June 21st 2008


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Articles from this issue:

EDITORIAL: 'Peak oil': Apocalypse now?

CANBERRA OBSERVED: Whither the Nationals?

ECONOMIC AFFAIRS: What happens after cheap credit, oil and food?

SAME-SEX RELATIONSHIPS: Rudd grants special rights to same-sex couples

FAMILY POLICY: Home truths about working families

EUTHANASIA: Assisted suicide: safeguards or naivety?

NATIONAL SECURITY: Soviet bloc espionage: setting the record straight

DEFENCE: Should Australia have nuclear defence capability?

CHINA: Beijing muzzles protests over Sichuan earthquake

UNITED STATES: Is Obama equipped to lead the free world?

CULTURE: How political correctness threatens Australian culture

ART: The downward spiral of modern art

Barack Obama's oratory (letter)

Why cutting Australian emissions won't work (letter)

Baby imports? (letter)

Short-term stupidity (letter)

CINEMA: New Narnian epic Prince Caspian surpasses expectations

BOOKS: INKLINGS OF HEAVEN: C.S. Lewis And Eschatology, by Sean Connolly

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Short-term stupidity (letter)


by Gavin Lawrie

News Weekly, June 21, 2008
Sir,

Why do successive federal governments and the Australian people continue to tolerate an uncontrolled, unelected and faceless Reserve Bank board wielding the power to plunge the economy into paralysis?

Why isn't the central bank controlled by and answerable to the central government representing the people? Because it shifts responsibility away from Canberra. Just how they like it.

Overlaying this economic impotence is its total lack of control of rogue banks which continue to make billion-dollar profits.

Aah! the short-sighted stupidity of a previous government flogging off the Commonwealth Bank for one year's short-term financial gain, but with the loss of long-term financial supervision.

In seven months since the changing of the guard in Canberra, we have a combination of a national economy going from boom to near paralysis, combined with strikes and rumours of strikes.

Gavin Lawrie (solicitor),
Murwillumbah, NSW




























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