Slashing and burning housebuilding and investment today will inhibit inflation a little in the short-run at the price of diminishing long-term supply – a sure way to breed more long-term inflation.
This is not an anti-inflation policy. It is a cynical transfer of income from people who did not cause the problem to people who are, in fact, profiting handsomely from it. And it is an excuse for further acts of vandalism on some of Australia’s important institutions.
So you say that Australians
yet when asked how that will improve the situation, you say
So, I’m not seeing why those without “need to start taking the medicine”. If it’s inevitable they will get hurt whether or not they “take the medicine”, I think they’d be right to say: no we don’t and bugger off for saying we need to.
I think it’s not inevitable (as in: cannot be avoided) that a lot of disadvantaged people will get hurt. That can be avoided, because it will happen only by the choices the powerful make. It can be avoided, if we collectively choose to avoid it.