The last time inflation was running at these levels was in the 1990's. Guess what they did to fix it ?
Put interest rates at 17% !!!! You dreaming if you think you can stop inflation with a 4% interest rate.
The only way it gets fixed quickly is...... YOU LOSE 1 third of the value of your houses when the housing bubble bursts.
Which Gov is going to be the one to wear that? It is musical chairs at the moment and will be pot luck if your team is the one in the chair when the music stops.
All other partisan commentary is useless.
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