Tuesday 3 September 2024

And it goes for us too.


"Australia’s federal treasurer Jim Chalmers has criticised the Reserve Bank for raising interest rates, instead of taking responsibility for the green inflation he and his fellow incompetents unleashed. ...
    "'[A]s the government braces for more weak economic figures due this week ... Chalmers said the government was focused on walking the tightrope of bringing down inflation without further pressuring people “already being hammered by higher interest rates”. ... '
    "The failure of Chalmers and his fellow incompetents to address grid instability, plummeting dispatchable capacity, and unpredictable price spikes is particularly reprehensible, given that all they need to do to fix this problem is ditch all their green energy mandates, and encourage the construction of enough new coal plants to stabilise the grid.
    "In my opinion Australia is now all but un-investable. With an uncertain electricity grid, spiralling prices, crumbling wage restraint, rampant inflation and soaring interest rates, and an incompetent government which is more focussed on shooting the messenger than addressing the underlying economic problems, who in their right mind would risk investing in Australia?"

~ Eric Worrall from his post 'Aussie Green Economy Blame Storm Gathers Momentum'



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