Australia’s jobless rate should worry central bankers everywhere. An object lesson on the dangers of cutting interest rates

Australia’s jobless rate should worry central bankers everywhere. An object lesson on the dangers of cutting interest rates

Modern history is replete with examples of overconfident central bankers starting their austerity cycles too soon. This may be one of those times.

http://www.bloombergview.com/articles/2014-08-11/australia-s-jobless-rate-should-worry-fed

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