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Reposted by @larkledges2122.bsky.social

The Australia Institute @australiainstitute.org.au · 02/12/2024

“Profit gouging, supply shortages, climate change, all these things [are driving inflation]. Putting up interest rates won’t deal with that, but it’ll make life worse,” – Former RBA governor, Bernie Fraser. 'How not to battle inflation' from @stephenlongaus.bsky.social in @satpaper.bsky.social 👇

thesaturdaypaper.com.au

How not to battle inflation

Economists including former Reserve Bank governor Bernie Fraser are increasingly convinced there are more effective tools than interest rates to fight inflation – but what are they?

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