Wayne Swan (Lilley, Australian Labor Party, Treasurer) Share this | Hansard source

The governor is comprehensively right and the member for Wentworth is comprehensively wrong, because what the governor talked about was elevated inflation—pushing up interest rates. The approach of the member for Wentworth is very simple—if people put their heads in the sand about elevated inflation, they condemn this country and householders with a mortgage to permanently higher interest rates. That is the recipe of the member for Wentworth. He has an approach which is dangerous. He has an approach which will condemn people to paying permanently higher interest rates because he will not deal with the causes of inflation and has no program to do so.

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