Sunday, June 1, 2008

Cutting petrol prices inflationary?

Mark Arbib is critical of Brendan Nelson's fuel excise cut proposal, claiming its inflationary. I understand some of the argument, that the two billion dollar tax cut would stimulate demand. However on the other side of the coin lowering fuel is bound to lower inflation. To me it sounds like another bullshit excuse to tax us more and attack Nelson.

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