Balneus

Australian Lefty on Politics, Governance, Science and Info Management

Stupid, stupid!

Posted by Dave Bath on 2008-03-08


Why do economic commentators blame the banks for putting up interest rates beyond the RBA’s official rate: the cost of money in the real world is going up, regardless of what central banks say.

I will, however, call the banks, governments and financial commentators stupid for not talking about introducing Prize-linked savings accounts as a means to increase savings.

Am I the only Australian to have noticed this interesting construct?

Using Google: in no Australian site can you find prize-linked saving, nor prize-linked savings, nor prize-linked account

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