Kochie on government spending: Name, shame and share the pain
FORMER 7 Network Sunrise host and respected finance journalist David Koch has urged the RBA to identify what he says is the real cause of inflation: government spending. With another interest rate hike tipped for September 29, Koch penned an open letter to RBA Governor Michele Bullock. “A meaningful slice of the inflation your board is trying to contain is not being generated in a shopping centre… it is being set in a cabinet room,” he wrote. The cash rate is currently 4.35 per cent after three increases this year that have cost average mortgage payers over $4000 extra. “Millions