Neither the Labor government nor the opposition are truly interested in shutting down price gouging by the big two supermarkets – they would rather have the issue disappear.
The central bank’s bizarre behaviour last week is a sign that it has lost its bearings and isn’t sure what’s happening in the economy or where it’s headed.
While we complain about “the cost of living”, the mugs who elected Donald Trump again were on about “inflation”. Aren’t they the same thing? Maybe, maybe not.
The Reserve Bank of Australia is worried excessive growth in wages is keeping inflation above its target zone. But there’s absolutely no sign of that happening.