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Showing posts from October, 2022

Increasing revenues and decreasing labour power. Who actually benefits from inflation targeting?

  Increasing revenues and decreasing labour power. Who actually benefits from inflation targeting? This inflationary time has served as a helpful reminder. It has brought to our attention the fact that Australia's economic institutions have been employing a certain framework for policy-setting for the past 30 years. And it has a bias against workers.                                                                             IMAGE SOURCE Since 1993, the government has made an effort to keep inflation under control by limiting pay increases to "acceptable" levels while allowing businesses to make as much money...