this post was submitted on 02 Jul 2023
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According to some economists, we need more unemployment in Australia to get inflation under control. Perhaps they would like to volunteer? (www.abc.net.au)
submitted 1 year ago* (last edited 1 year ago) by [email protected] to c/[email protected]
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File this under "I'm got mine, the rest of you can sod off"!

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[–] [email protected] 3 points 1 year ago

We can also stop the destruction of the environment nearly completely by mass suicide. That does not mean that this is good idea.

You do not need to "decrease the money" supply to fight inflation. What do you think the relation between these two is? Because, fun fact, the money supply is already decreasing in Australia, however prices are still going up.

https://tradingeconomics.com/australia/money-supply-m0