The RBA, 3 years late to the party, last week confirmed profits drove the sky high inflation in 2022. In 2023 they attacked our research, & briefed media companies about how we were wrong. I guess they'll apologise now? Me for @thepointau.bsky.social thepoint.com.au/opinions/260...
RBA's own research shows that profits drove post-pandemic inflation, not wages
Last week, research by the Reserve Bank of Australia (RBA) confirmed that they were wrong in 2023 to criticise research by The Australia Institute, which showed rising profits were the significant cau...
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