
357. Hatt Mancock Down Under
Where Politics Meets History
Is There a Housing Crash?
Inflation seems incredibly high at 10%, which it is, but a lot of Germany's inflation is 10%. Holland is 17%. So there are countries with lower inflation, but we're around the middle in the European average. And I mean, I still will come back to the point that yes, they might be high everywhere, but there is a premium for the failure of trust and quatting. But you're absolutely right. There is a differential impact of inflationary increases on those people who spend the largest proportion of their income. Those people who spend it on food and power, as you say, who are those on the very, very lowest incomes.
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