Huge warning sign for Australian economy, page-21

Lapdog, helicopter money is a one off sugar hit that would be highly unlikely to change inflation expectations.

The guilty culprit to our economic malaise is trickle-down economics, that failed neoliberal experiment which has brought us to this point. We need long term solutions to unravel that experiment. In this article, Ray Dalio, CEO of Bridgewater (world's largest hedge fund) states, “the most pro-corporate environment in history,” the past 20 years have seen corporate taxes and labour bargaining power fall as globalization and automation have increased."

The average people don't have the money to spend and the wealth elite are hoarding it which decreases the velocity of money. An increase in the velocity of money leads to higher inflation and nominal GDP. ... The more "idle" money there is in the economy, the lower the velocity of money is.

But how to fix it?

One of the prime tools Bridgewater is advocating to fix income inequality is increasing taxes on the wealthy. That chorus is only going to grow louder as the the imbalances grow.