tony howland rose sealed their own fate, page-13

Nickel

"Surely there is a better way to control inflation. Like expanding the economy to create more competition"

The other core aspect to fighting inflation is raising productivity. Australia has had falling productivity growth rates for years now, down to 1-2% which is pretty average. To address this takes serious investment in infrastructure and skills which will have short term inflationary impact but long term will improve our position overall.

Business has commenced on the commercial side of things over the last couple of years, state govts have also been lifting their game (which is what their borrowings are for albeit at a late stage in the cycle). The fed govt will improve too but realistically it will take 2-3 years to get productivity properly kickstarted.

Basically we are stuck with the current inflation for a bit of time to come.