Monday 12 May 2008

Pain and gain

I don't hold out much hope that the selfish electorate will actually understand that the Budget must address inflation. Or that they will understand that inflation is about people having too much money for their own good, and so the price goes up because the highest bidder will win.
We don't understand that credit is its own worst enemy, and only fuels inflation so that we end up paying a fortune for necessities whilst buying luxuries on credit.
Governments (like the Howard government) which poured useless cash into all too willing pockets only fuelled this process, and so whilst helping people to meet increasing prices actually drove priices up by giving people more money to spend.....
Labor governments have habitually inherited this sort of idiocy.
At some point this has to stop, and a first Budget will be an obvious opportunity.
I don't understand why we don't get that controlling inflation is actually better than pouring extra cash into outr pockets, but we don't.

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