Tony Abbott ignores the chance to benefit Australia by using the low 10-year bond rates
Peter Martin: Low 10-year bond rates are the deal of the century but Abbott’s not at the table, The Age, 20 Jan 15
With 10-year bond rates at an all-time low, the time is ripe to get some visionary projects off the drawing board….
If we are prepared to grasp it, there’s no shortage of projects that would set us up for decades to come. In education, in health, in the delivery to railway lines into suburbs that are at present barely accessible – in all of these areas there are projects whose benefits would exceed their costs and exceed them by more than enough to pay the minimal rate of interest being demanded.
Some are visionary. Bank of America Merrill Lynch economist Saul Eslake says if Australia was to get serious about reducing its dependence on coal it would consider paying coal producers to close, and speeding up the commercialisation of battery technologies that would allow Australians with the next wave of solar panels to live off the grid.
No comments yet.
1 This month
of the week – Disrupting War & Militarism in Oceania. Active solidarity. Radical practice.
Antinuclear 
Leave a comment