Sunday 31 July 2022

Ross Gittins is on the money

 Ross Gittins writes a damned good column today.

He makes the point inflation is because of supply factors so central banks traditionally fight inflation because of demand management.  

We have inflation problems because of energy prices surging courtesy of Russia invading Ukraine, food and vegetables prices rising because of the floods and supply constraints primarily because of what is occurring in china.  Clearly two of these factors are transitory.

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