That's a nicely made (7/18/2016)
That's a nicely made answer to a <a href="http://pskdfar.com">chnielnglag</a> question

January - P8S4k7WjiM
Ian. This summary qu (7/18/2016)
Ian. This summary quote from that article seems coorradictoty“Sn, in some very significant way, the mining boom is simply a transfer of wealth from one area of the economy to another, ie miners. It’s not, strictly speaking, a generalised boom at all.”The trade deficit is lower because of resource extraction but it’s outweighed by the profit extraction as more foreigners have investments in Australia than vice versa.The impact on wages seems quite low, so the rationale for tightening monetary AND fiscal policy is not there.Hope that helps?

Bella - IzwjTvsJmwx
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