If we stop using the unemployed to control inflation, will we all be better off?

Thu, 15 Jul 2021 04:58:26 +1000

Andrew Pam <xanni [at] glasswings.com.au>

Andrew Pam
<https://www.abc.net.au/news/2021-07-11/if-we-stopped-using-the-unemployed-to-control-inflation/100279494>

"I want to try something a little unusual.

Last week, I explained how Australia's economic policymakers have been using
unemployment as a policy tool to control inflation since the 1980s.

Their policy has left hundreds of thousands of Australians unnecessarily
unemployed.

Today, I'd like to show you why that policy framework wasn't the only one
available. They could have used a different one if they wanted."

Cheers,
       *** Xanni ***
--
mailto:xanni@xanadu.net               Andrew Pam
http://xanadu.com.au/                 Chief Scientist, Xanadu
https://glasswings.com.au/            Partner, Glass Wings
https://sericyb.com.au/               Manager, Serious Cybernetics

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