
#343 Bonus: Is the US heading into a recession? Economist Stephen Koukoulas
The Mentor with Mark Bouris
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What's the Reserve Inc Doing With Interest Rates?
The RBA is trying to get inflation back down to the nuts. The way where it was, as you said, the mid-90s and sustainably right through to net more recently. So that's not really what the Reserve Inc is trying to do with interest rate changes. Really what they're trying to do here is change people's behaviour. This is a real psychological game. If I want to change someone's behaviour, my kids, when they were little, I'd take something from them or put them somewhere,. stay on the corner or deny them something. We changed the behaviour of prisoners by putting them in jail. Here we have a team of economists and some behavioural scientists too
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