Financial Digest

Govt need to take ‘enough money out’ of the economy before putting more in

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Rich Insight Economist Chris Richardson says the government can and should help those who are “feeling the pain” the most financially in Australia. Mr Richardson told Sky News Australia the problem with doing that is, it would be putting extra money into an economy that “already has an inflation problem”.

Rich Insight Economist Chris Richardson says the government can and should help those who are “feeling the pain” the most financially in Australia.

Mr Richardson told Sky News Australia the problem with doing that is, it would be putting extra money into an economy that “already has an inflation problem”.“To mean that overall government money going in is less than otherwise. “That’s why the International Monetary Fund was talking about slowing down the infrastructure spend.”

 

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