One really big thing I want to see in my lifetime - the mainstream acceptance that the central bank *simply cannot* fix inflation by raising rates.

It’s utter lunacy and it hurts millions of people. And it just doesn’t work.

https://www.theguardian.com/australia-news/2026/mar/11/australia-petrol-prices-rba-interest-rate-rise-inflation

#auspol #inflation #rba #interestrates

Australians hit by soaring petrol prices now face expected blow of interest rate rise

Economists predict RBA board will hike cash rate to 4.1% next week as inflation climbs and energy costs surge

The Guardian
@stephengentle I'd love it if every time inflation went up, the media pointed out that the government could help manage inflation by TAXING THE RICH.