• macrocephalic@lemmy.fmhy.ml
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    1 year ago

    It will work eventually. Once everyone is completely beaten down they won’t be able to pay the inflated prices for things no matter how essential they are - and then inflation will go down.

    Unfortunately the politicians have the ability to change taxes and legislature - which is what we need - but they won’t because apparently we can’t tolerate change that might hurt our rich overlords (see: 2019 election). The RBA only has one tool at their disposal but they’re expected to fix everything with it.

    • JayPenshar@aussie.zone
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      1 year ago

      The government would have to employ its own people to do the economic modelling instead of relying on the same people private corporations do to assist them.

      • CurlyWurlies4All@slrpnk.net
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        1 year ago

        Who’d have thought a giant corporation who’s in bed with the richest people in the world would create tax laws with loopholes that benefit giant corporations and the richest people in the world.