House debates

Tuesday, 8 August 2006

Questions without Notice

Interest Rates

2:24 pm

Photo of John HowardJohn Howard (Bennelong, Liberal Party, Prime Minister) Share this | Hansard source

On any measure, including measures used by the Reserve Bank, this country is wealthier than it was 10 years ago. Average Australians are better off than they were 10 years ago. The debts are higher but the assets are larger. It is a matter of elementary economic logic.

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