June 21st 2008


  Buy Issue 2782
Qty:

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

Books promotion page
FONT SIZE:

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




























Join email list

Join e-newsletter list


Your cart has 0 items



Subscribe to NewsWeekly

Research Papers



Trending articles

COVER STORY Don't grieve dumped TPP; rather, thank Trump

ENVIRONMENT U.S. Congress to investigate shonky climate report

COVER STORY Money flows freely to fuel anti-coal campaign

ENVIRONMENT Ignore claims that Antarctic ice sheet will melt away

EDITORIAL What future has Senator Cory Bernardi?

EDITORIAL Commission report demonstrates old saying about statistics

ELECTRICITY Green policies threaten energy security and jobs



News and views from around the world

Scientists criticise "hottest year on record" hype (James Varney)

States, territories slash school funding by $100 million (Stephanie Balogh)

Confirm Judge Gorsuch to the Supreme Court (Stephen Mosher)

Rescuing Governor Ahok (Bob Lowry)

Future shock: What happens when robots take our jobs? (Adam Creighton)

President Trump: Protect religious freedom (Ryan Anderson)

China to crack down further on "cult" activities (Ben Blanchard)

Polish president rules out gay marriage (Radio Poland)

U.S. state legislatures sign 334 laws in five years to restrict abortion (Micaiah Bilger)

Clinton, Trump and the politics of the English language (Ben Reinhard)



























© Copyright NewsWeekly.com.au 2017
Last Modified:
March 16, 2017, 10:40 am