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71 points dataflow | 1 comments | | HN request time: 0.202s | source
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drekipus ◴[] No.45777663[source]
The first thing I thought about as reading this: "When a measure becomes a target, it ceases to be a good measure"

We have a big "cost of living" concern in Australia, and it's very ripe to gaming the system through things like energy bill handouts.

I can only talk from the Australian perspective, but I think there's certain elements set up like a Ponzi scheme, and we'll need to correct it and stick to fundamentals, and that is going to break quite a few eggs.

replies(2): >>45777834 #>>45779563 #
1. Gigachad ◴[] No.45779563[source]
Yeah it always struck me as odd to see the news about inflation going up primarily because the handouts stopped. This feels like nothing fundamental in the economy or the value of a dollar changed. The energy handouts should have never counted as suppressing inflation in the first place.