A recession is not inevitable in Australia – and certainly not necessary | Greg Jericho

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The level of inflation we have and its causes do not require a recession to reduce them. Such talk is foolish

Inflation growth, or more to the point, what might be done to stop it from increasing.

Such talk is very foolish and can become a bit self-fulfilling if consumers and business begin to act as though a recession is coming. But leaving that to one side, the reality is most times the Reserve Bank has raised the cash rate, rises in unemployment have followed.The difficulty is that economic policy is pretty imprecise and there is a non-zero risk that the RBA will get it wrong and increase rates too fast.

 

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Stop tax breaks for rich, halt funding to public schools, tax ALL gas producers at marginal rates, claw back 40 bn rorted job keeper, stop funding to private schools. Recession...what recession!

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