Ebony Bennett (The funny business of inflation CT 17/2/24, p.26) says corporate profits contributed far more to Australia’s rise in inflation than wages and other employee costs.
Ebony Bennett (The funny business of inflation CT 17/2/24, p.26) says corporate profits contributed far more to Australia’s rise in inflation than wages and other employee costs.
ronchapman.substack.com
Inflation is NOT “funny” & wages & other employee costs DO NOT contribute to inflation at all. They are solely a consequence of DECREASES in the value (purchasing power) of bank issued fiat currency.
Ebony Bennett (The funny business of inflation CT 17/2/24, p.26) says corporate profits contributed far more to Australia’s rise in inflation than wages and other employee costs.
…
Ebony Bennett (The funny business of inflation CT 17/2/24, p.26) says corporate profits contributed far more to Australia’s rise in inflation than wages and other employee costs.
Inflation is NOT “funny” & wages & other employee costs DO NOT contribute to inflation at all. They are solely a consequence of DECREASES in the value (purchasing power) of bank issued fiat currency.