Sir,Peter Westmore’s solutions for Australia’s economy (Editorial, News Weekly, August 16) correctly identify some of the problems, but his solutions would only shift the focus, not heal the economy.There is a difference between saving and not borrowing. The problem is that, since about 1991, Australian householders have been borrowing too much and largely using their funds to become speculative property investors in a play that worked for their parents, but will be ruinous today.Mr Westmore’s r…
