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

submitted 11 months ago by PetulantBandicoot@aussie.zone to c/australia@aussie.zone

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[–] Taleya@aussie.zone 14 points 11 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.

[–] Fluid@aussie.zone 5 points 11 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.