We won’t fix inflation while economists stay in denial about its causes
Nonameuser678 @ Nonameuser678 @aussie.zone Posts 15Comments 362Joined 2 yr. ago

Nonameuser678 @ Nonameuser678 @aussie.zone
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I actually don't think I've seen that many economists (the progressive ones at least) who haven't been making the case for some sort of windfall tax on profits. The Australia Institute have been all over this for years now. Even the more centrist / conservative economists admit there needs to be some sort of intervention to regulate competition in the market. Pretty sure it was the IMF who came up with the approach for calculating how much profit driven inflation there is. Anyone who doesn't recognise this is either on the payroll or selectively ignoring huge chunks of data / evidence.