Not a credible source of information. I invite anyone who disagrees to read the actual "report". It's anti-capitalist propaganda. I have no problem with criticisms of capitalism based on facts.
The cause of inflation is not a mystery.
Overall people accumulated record savings during the pandemic and spent it.
‘Damn lot of money’: How households plan to spend their pandemic savings
https://australiainstitute.org.au/expert/jim-stanford/
Not a credible source of information. I invite anyone who disagrees to read the actual "report". It's anti-capitalist propaganda. I have no problem with criticisms of capitalism based on facts.
The cause of inflation is not a mystery.
Overall people accumulated record savings during the pandemic and spent it.
‘Damn lot of money’: How households plan to spend their pandemic savings
https://www.smh.com.au/business/the-economy/damn-lot-of-mone...
Add in Russia-Ukraine conflict, increased energy prices and here we are.