Great piece. Highlighted for me the class hit job of the RBA’s actions; increasing inflation to increase unemployment when their rises have forced mortgagees into multiple jobs/more hours to service higher mortgage rates.
thesaturdaypaper.com.au/news/economy...
thesaturdaypaper.com.au
Could a German economist fix the RBA’s inflation problem?
As the RBA admits interest rates are its only tool for managing inflation, alternative models propose dealing with supply shocks through price caps and strategic reserves.
