Comments last week from the Reserve Bank of Australia governor Michele Bullock blaming interest rate rises on people going to the dentist and getting haircuts shows just how out of touch these people are.
It always seems to be the ordinary Australians these people go for when handing out the blame for interest rate rises, while completely ignoring the massive profits large corporations are extracting from consumers from ever-increasing price rises.
And apart from that, while you could probably get a haircut for under $100, going to the dentist is expensive. I can’t remember the last time I paid under $200 for a basic visit and my daughter’s wisdom teeth extraction was in the thousands.
Maybe the RBA board could live on minimum wage for a year and see how much they spend on frivolous indulgences such as dental care and a basic level of grooming.
Their lack of economic knowledge is embarrassing and terrifying.
What do you think, were the comments out of line?
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