Australia

3520 readers

98 users here now

A place to discuss Australia and important Australian issues.

Before you post:

If you're posting anything related to:

The Environment, post it to Aussie Environment
Politics, post it to Australian Politics
World News/Events, post it to World News
A question to Australians (from outside) post it to Ask an Australian

If you're posting Australian News (not opinion or discussion pieces) post it to Australian News

Rules

This community is run under the rules of aussie.zone. In addition to those rules:

When posting news articles use the source headline and place your commentary in a separate comment

Banner Photo

Congratulations to @[email protected] who had the most upvoted submission to our banner photo competition

Recommended and Related Communities

Be sure to check out and subscribe to our related communities on aussie.zone:

Plus other communities for sport and major cities.

https://aussie.zone/communities

Moderation

Since Kbin doesn't show Lemmy Moderators, I'll list them here. Also note that Kbin does not distinguish moderator comments.

Additionally, we have our instance admins: @[email protected] and @[email protected]

founded 1 year ago

MODERATORS

[email protected]

'Hairdressers, dentists and dining out': The price rises that told the RBA it needed to raise rates again (www.abc.net.au)

submitted 10 months ago by [email protected] to c/[email protected]

14 comments fedilink hide all child comments

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] 14 points 10 months ago (1 children)

This reflects domestic economic conditions and is an indication that aggregate demand is sufficiently greater than aggregate supply to sustain these price increases

Jesus christ talk about arse backwards. Prices aren't going up because of demand. There is no genuine lack of goods to drive the price. It's all artificial. Prices are rising because they can, and this then knocks into other business who now have to rise to cover costs.

This idiot logic also has the potential to genuinely create a feedback loop of utter hell. Oh your hairdresser upped their prices to cover their rent which has increased because their landlord now has to pay more interest on the loan? BETTER UP THE INTEREST SOME MORE.

[–] [email protected] 5 points 10 months ago

It’s by design unfortunately. All those in a position to actually make decisions about fiscal and monetary policies are the wealthy class, with vested interests in keeping the model in their own favour. Privatise gains, publicise losses, and shift debt onto the next generation before they can do anything about it.