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Inflation was set off by covid but each countries policies has made it better or worse. Weāve had higher inflation for longer with the international inflation setting off a domestic wages spiral whereby domestic inflation has been a considerable problem.Let's not forget the world - supply chain shortages due to wars, covid, etc. High petrol prices, that's not in our control - hey, maybe we should switch to walking, evs and cycling!
Except of course this mob have cancelled everything that's good for the human race.
Right wing cancel culture!!
Note that every country went through and is going through inflation.
We have to accept covid and international supply lines have been a big contribution.
We also have to accept our reserve bank pumped to hard and then hasnāt been aggressive enough aiming for a soft landing.
But also the govt with record govt spending increases, above inflation minimum wage increases and setting public sector wage negotiation based on inflation is all inflationary.
Merry Christmas mate - Iāve enjoyed your perspective as it makes me reflect on my thinking