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I doubt the RBA cares whether cash deposits get spent or invested productively, either is good for the physical economy. But they have to get it moving because debt loads are too high to rely on more borrowing to soak up the deposits to get it circulating.

Thanks for your response all views are welcome. I however disagree with the tone that seems to suggest that the RBA have no idea.  Sure, they won’t have all the answers, its not a science, but there are some pretty good minds on the job. I also look out at the physical economy and think the outcomes are pretty good. Life in the physical world in contrast to history is pretty ******* sweet from my viewpoint. What, do we all think its too good to last?

My two biggest concerns would be financial equality and growth v environmental constraints. Far from being worried about zero interest rates, I have long held to a theory that interest free money helps alleviate both these problems.

Japan is a pretty good country to live in I reckon, their gini coefficient is better than ours and their GDP per capita isn’t topped by too many other countries. Ignore the incredible earnings spike in the monetary system that everybody points too, and the physical economy is not too bad considering their demographics and where they started from post war.

Yep, I’m an eternal optimist – I love life, if it all goes too ****, I’ll be blindsided because I havn't headed your warnings.