Andrew Dickens: Can we really say the rock star economy is back?
The corner has been turned. The 5-year pandemic pandemonium has been tamed.
Inflation is down and we've had the first interest rate cut since the Reserve Bank realised they’d overstimulated everything 5 years ago.
Proof that tax cuts were not inflationary, says the Finance Minister. And that is the case, but it’s not a sign that the cost of living crisis is over. Inflation and cost of living increases are two heads of the same monster.
Tax cuts are not being sucked up by discretionary spending. But they are by increases in charges brought about by a cut in Government spending, a continued…
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