Latest / Early Edition with Ryan Bridge
Ryan Bridge: Don't expect a lolly scramble from the Government
Anyone expecting a lolly scramble from the Government today is going to be disappointed.
At best, one or two old Werther's Originals.
As we’ve been talking about for the last few weeks, this government can’t, politically, splash cash when oil’s forcing inflation up.
The $60 billion borrowed and spent during the pandemic, half not actually on Covid expenses, was fuel on the fire of an already raging inflation inferno.
The Reserve Bank and Government were both blowing into the same sail. It got us up on the foils for a while but ultimately just delayed the pain we’re now still feeling.
The new…
The skinny
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