Mike's Minute: We should understand the economic basics
The Anthony Albanese gaff over employment and the cash rate, in some respects, is why we end up the way we do.
Adrian Orr today increases our cash rate yet again. He started doing that before just about anyone else in the world. He was in that position because he and his mate Grant Robertson went nuts with the printer.
We are today, yet again, paying the price for an astonishing amount of fiscal largesse.
And yet, like Albanese, many of us, I suspect, couldn't name the cash rate. Many couldn’t explain what the cash rate is about, what drives it, why we are talking about 50 points or 25…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.