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Money can’t buy everything, but Chalmers can buy an inflation reduction
While money can’t buy everything, the Australian Government can “buy” a lower Consumer Price Index (CPI). Indeed, its decision to spend $3.5 billion on an Energy Bill Relief Fund is an innovative, and likely effective, policy response to current idiosyncratic and challenging economic circumstances.
Jim Chalmers’ use of new policy tools to solve new kinds of inflation has enraged many commentators, but the anger of those stuck in the past doesn’t mean we shouldn’t be........
© The Sydney Morning Herald
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