A reminder that the RBA and other compliant economists spent a couple years telling @australiainstitute.org.au that companies were not marking up prices in 2022-23.
The failure of Australia’s economic establishment was truly embarrassing
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is it failure, or is it outright complicity?
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We all knew as well but it seems they were gaslighting us
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You’d think it’d be sackable offence to be so wrong in leadership roles … but here we are …
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Yeah, and what else is new?
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And so corporate profits squirreled away for share buy backs and to "provide shareholder return" is killing the investment in increasing productivity. In other words - rich get richer, workers work harder to try and stay afloat.
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The RBA’s direction-setting is flawless.
Whichever direction it charts, the opposite direction is correct.
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the Australia tax is real
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The most important aspect of being a capitalist tool is being able to lie without shame.
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A cover up job. Who are they kidding
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We all saw it and were calling it out
