Feel Better:Complain About Anything

Originally posted by Joannie: ↑

Hello @discursive,
Welcome to the lounge

Interesting theory. But personally I cannot see that happening unless we are ruled by a communist party.
It is unthinkable. Where on earth did you get this idea from, with respect.

Inflation really is a double edged sword. Businesses need people to keep spending to stay afloat and employ people. Plus the taxes which the business pays and of course the employees is needed to run the economy.

I agree that of course increasing interest rates does in effect increase inflation, but think that as a short term measure that it does soften it.

I would love to hear what you would propose as an alternative way to flight inflation.
I believe like you that perhaps we are headed for more problems.
The large influx of new migrants and foreign students will increase the already dire housing situation. Where will they all live? That is what I would like to know.

I hear unemployment is now very low, yet they say there is a shortage of skilled workers, that may be so. But training Australians and helping the long term unemployed into the workforce should be top priority.
In the UK, the great influx of immigrants, many illegal has brought the basic wages down to poverty levels. I would hate to see that happen here.
Aged pensioners are having to choose between eating and heating their homes.

So great care is needed to see that Australia does not follow suit.
But we are living through extraordinary times, anything could happen.
I am grateful that we are not living in a war zone, my heart goes out to those who are.
I guess they would swap with us in a heartbeat.

Expand

not communist as there would be no limitation to earning potential. But rather capped spending, this is not too far fetched.

The economy is different. Up till the 90’s we’s all worked till we were 60 odd, we all had one house and investing wasn’t so dominant. If you hit interest rates than, you hit a large chunk of your populous.

So much diversity in today’s economy, it’s hard to execute without inflicting significant pain to minorities. Interest rates are slightly more niche in how they hurt the economy, time will tell, but it will soon show it was the wrong option.

A modern approach to inflation is a subtle hit across the economy. You fight it broadly you beat it quickly. We are trying to beat a 2022 problem with a 1980’s approach, it won’t work, it won’t even be close.

I’m across this, it’s gonna get scary bad.