The Role of the State in Inflation

John Defterios: How can you be in a rich country and still feel poor? I mean, this is one of the dilemmas that many people ask me. What I'm going to do today, John, is link the RTE salary carry on to the rate of inflation through the mechanism of the state not being able to control its own cost. And then finally, he's going to talk to you, John, about the Wimbledon model of economics. Because Wimbledon is starting this week, John. But what I'm not going to do are point the finger at the public sector because it also happens hugely in the private sector.