Profits v Wages, what's driving inflation?
Follow The Money
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The Problem With the European Central Bank Method
The method we used is the European Central Bank method, the Bank of England and others have used it. The flaws that others have described are not flaws. They're actually just parts of the method that we described. We could control inflation by taxing these win for profits and spending the money to push the price of things like dental care, medical care, education services down. So yeah, it's very nice that some people would say, if we don't leave out the most profitable industries, profits aren't rising that fast in Australia. But to be clear, a whole bunch of other industries are experiencing rapid growth in profits as well.
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