Governments wear the inflation blame while households suffer the pain
Tim Toohey of Yarra Capital Management argues that the Reserve Bank is misdiagnosing Australia’s inflation problem as primarily one of excess private-sector demand and, as a result, risks keeping monetary policy too tight for too long. Toohey’s central claim is that while there is indeed excess demand, inflationary pressures are increasingly coming from areas that The post Governments wear the…
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