12 May 2016
Negative gearing has long been a no,no for the Reserve Bank. Yet "Nobody" has listened or is listening now.
With all the campaign fuss about the Reserve Bank note on negative gearing, you would think it revealed something new. But anyone listening would know they've long warned of the financial risks in the housing market caused by our policies, writes Michael Janda.
The Reserve Bank's unease about negative gearing and the capital gains tax discount is long-standing, as is only to be expected for a policy combination that most independent economists regard as a dog.
The mural on the side of the gun store proclaims: “A Savior is Born.” There’s a manger scene below the star of Bethlehem and windows fest...