AustralasiaBusinessEconomyFeaturesFinanceGlobal IssuesSocietyWorld

Australia’s cost-of-living crisis isn’t about the price of groceries. It’s about wealth distribution

Making goods cheaper isn’t going to fix the fact that income has shifted to the top 10%

The policy debate about the cost of living is among the most confused and confusing in recent memory.

All sorts of measures to reduce the cost of living are proposed, then criticised as being potentially inflationary.

The argument implies, absurdly, that reducing the cost of living will increase the cost of living.

The issue here is that the “cost of living” is an essentially meaningless concept, rather like the sound of one hand clapping.

The problem isn’t the cost of buying goods, but whether our income is sufficient to pay for…

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Back to top button