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Former RBA Governor Philip Lowe has slammed excessive government spending driving up inflation, saying Australia should be running sizeable surpluses.

Speaking to the Institute of Public Affairs (IPA) in a rare interview since leaving the job, Dr Lowe has pulled no punches in his damning assessment of government policy.

“Now we find ourselves running sizable budget deficits at a time where we’re at full employment and commodity prices are very high,” Dr Lowe told IPA chief economist Adam Creighton.

“We should be running sizable surpluses … Government spending has been adding to demand progressively over time, and that’s putting upward pressure on inflation.”

Dr Lowe served at the RBA for 43 years, including the last seven as Governor. In the wide-ranging interview, he offered a number of thoughts on how to improve Australia’s economy.

For molar endo, I find the rubber dam clamp gets in the way sometimes when using files and handpieces.

Do you guys always clamp the tooth you’re doing the RCT on, or sometimes clamp the tooth behind for better/easier access?

RBA Governor, Michele Bullock, explicitly stated during the July Q&A that Australia’s weak productivity is linked to insufficient business investment. She said Australia needs more business investment.

And now the RBA comes out and says the new CGT changes are going to worsen business investment. This is going to make our productivity suffer even more.

Australia needs more business investment to help our ailing productivity and increasing taxes on businesses and productive investments isn’t the answer.

Our real wages will continue to stagnate and COL crisis progressively worse with this change.

We have a pre settlement inspection for vacant possession of a house in VIC.

Does the seller need to maintain the backyard in a similar manner as when we signed the contract? Or are they allowed to let everything be overgrown (grass and plants)?

It looks like the inspection is only for the physical building but I’m not too sure. They have quite a busy backyard with lots of plants.