The Importance of Incentivizing Workers

Inflation is a monetary phenomenon. We live in a free market capitalist society, but has the demand for milk or even petrol really shifted that much? It's not like why I'm feeling flush with cash, I'm going to chug in the extra two liters of milk. That doesn't happen. Free open markets, you get that supply response. So it's by this centrally planned idea that the RBA looks at the economy and goes,. we need to control this, we need to fix this, weneed to set the price of money. But there are other factors going on here. The big elephant in the room here is that there's just a lot more cash in the