The government’s energy subsidy has helped bring Australia’s inflation down faster than happened in the USA, which is just as well given the RBA does not meet for another 3 weeks #OffTheCharts australiainstitute.org.au/post/as-infl... - ThreadSky

grogsgamut.bsky.social • 33 days ago

The government’s energy subsidy has helped bring Australia’s inflation down faster than happened in the USA, which is just as well given the RBA does not meet for another 3 weeks #OffTheCharts

https://australiainstitute.org.au/post/as-inflation-falls-the-reserve-bank-is-missing-in-action/

Comments

alexanderlambrt.bsky.social•33 days ago

will there be any more data available to them before that Feb meeting? I guess there's also non-public too

cameronphilips.bsky.social•32 days ago

How is Anus Taylor dismissing this as poor management by the government?

mlbkiwi.bsky.social•32 days ago

The government should make people pay more money into their super as a way to fight inflation. The more inflation there is the more they pay into their super. That way the money doesn’t all go to the banks. Plus it gets invested in the economy!!! #auspol #nzpol #BHN

randomwalk001.bsky.social•33 days ago

Who would have thought that using fiscal policy to fight inflation might just work? Actually, every Post-Keynesian economist since, well, Keynes! #auspol

h340.bsky.social•33 days ago

Energy subsidy is an amazing thing. We allow multinationals who pay fuck all taxes to plunder our resources, sell them back to us, overpriced, to then throw public money at it in an effort to make our own resources affordable. Sounds pretty damn stupid overall.

boggainho.bsky.social•33 days ago

#taxthegas

ponti50.bsky.social•33 days ago

Do finance commentators believe the RBA will reduce the cash rate?

Or is the ‘emotional tie’ to the Oz Tories strong enough for them to rationalise continuing with their no-relief policy?

Wash my mouth out!!!

castlebar13.bsky.social•33 days ago

Are you sure the government played a part? My mate Scott from Motley Fool reckons the government has not initiated anything to reduce inflation.

cameronphilips.bsky.social•32 days ago

Broad statement but the electricity rebates have had a material effect on inflation. That much can’t be argued against. Yes there were many other things the government could have done.

mijnamo.bsky.social•32 days ago

Such as ?

cameronphilips.bsky.social•32 days ago

Cutting government expenditure is one, but given the “cost of living crisis” this would not have been wise. Of all the options I think the government got it spot on.

castlebar13.bsky.social•32 days ago

Totally agree

archedeyebrow.bsky.social•33 days ago

If the Reserve Bank Governor lectures us about "productivity" after the Board get back from their two month holiday I'm going to riot.
#auspol #rbabludgers

dietervallois.bsky.social•32 days ago

We ride at dawn!

boggainho.bsky.social•33 days ago

I have a loose theory that the RBA has an unwritten policy of keeping interest rates higher during ALP Govts because it assumes they spend more (even though they don't)

themelburnienne.bsky.social•33 days ago

It's far more nefarious than that - they don't even pretend to base it on facts

gillykh.bsky.social•33 days ago

Sush …….. don’t tell Dutts

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