A fiscal stimulus is classic Keynesian economics. It basically means when the private sector is slack and not spending it's up to the public sector (Government) to pick up the slack and spend more money. The RBA has been doing their job by lowering interest rates but the Government has been...
Because cutting rates has worked soo well up to now:rolleyes:
The only way Australia will avoid recession is if the Government fiscally stimulates the economy to a large extent. Already the deficit has blown out 50% since the Liberals took office. The deficit has gone from 12% of GDP up to...
