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Australia's artificial intelligence debate keeps circling around skills. Train more workers. Teach people to prompt. Build digital literacy. Those are sensible goals, but they leave out one group.
the question Warsh appears to be posing is this: to tighten monetary policy, should the Fed raise the Fed Funds rate, or should it instead pursue quantitative tightening, letting the asset base run down?
Imagine an economy where nobody ever gets fired; the unemployment rate is always low; GDP always goes up. How wonderful - and even better - we're living in it.
Property investors are also considered fair game for a litany of special charges including a 0.5% p.a. impost on their borrowings relative to owner-occupiers.
