Labor’s ‘fixes’ for surging inflation are stupid

www.crikey.com.au/2026/10/29/interest-rate-rise-rba-reserve-bank-australia-inflation-labor-albanese

Surging inflation has left the government in a deepening hole — and it is making the problem worse with its own policies. But it's not the only one in trouble. The post Labor’s ‘fixes’ for surging inflation are stupid appeared first on Crikey.

in reply to 🦜 Crikey - an independent Australian source for news and analysis
@🦜 Crikey - an independent Australian source for news and analysis People fail to understand if nobody makes stuff there is no stuff, fighting over a dwindling pie is ultimately a death spiral. If one wants to improve the economy, just re-slicing the pie isn't going to do it, you need to make it bigger, that means more reliable energy more than anything else, then you can build a circular economy and make more stuff so that everyone can have enough. Inflation is the result of thinking that you can make more stuff by throwing more proxy for that stuff into the marketplace. But proxies only work when what they stand in for actually exists. If you put more money into the economy without more product that money is proxy for then you get inflation. No government policy will fix that, free stuff won't fix that because there is no magic horn of plenty. Resources and policies that streamline their creation and application will.

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