From the AFR:
“Rather than fiddle with the dollar [and] try to engage in competitive devaluations, which has appalling echoes of the policies which were pursued to such destructive effect back in the 1930s, we think the best thing government can do to help those who are burdened by the high dollar is to take away other burdens,” Mr Abbott said.
Mr Abbott said those burdens included the carbon tax, red and green tape, and barriers to employment.
Yes, that’s going to cut it as everyone else rapes their currencies by 20 and 30%. And how come we’re not allowed a carbon price because we’re so small and irrelevant but when it comes to the dollar, a FAR greater cost impost, we must stand alone like Don Quixote?
We finally got the PM to talk sense today only for Dr No to undo it this afternoon.
