457's for pilots should be approved - and I've no doubt the government will approve them in the next 12 months. If not then the government is not serious about trying to restrict inflation. Obviously current pilots' like ourselves will not reap the rewards of a severe shortage if this happens.
It's interesting to note though that Wayne Swan has been doing what Nobel Prize Winning Economist Milton Friedman warned against in terms of anchoring inflationary expectations. He's done more damage in a few months than anyone in Australia could do over the course of a year. He's talked up inflation and as a result made it a self fulfilling prophecy.
But hey, what would a Nobel Prize Winning economist know right?
