Larry Williams Drive

So inflation is at a 3 decade high and the Reserve Bank is scrambling to kill demand by raising interest rates.We've all heard that it's the fault of the Government for spraying around money during the lockdowns.  This is money that was either borrowed or created by the Reserve Bank through money printing.Money we then spent willy nilly because there was nothing else to do.  I've lost track of the number of people who said "buy property, buy anything, money's never been cheaper".And with the demand and a supply chain crisis caused by the virus and the war and a broken system we had a perfect petri dish for inflation to grow.  And it did.And now every time we hear that inflation has risen, Nicola Willis comes out and slams the Labour Government saying that if it restrained it's spending we wouldn't be in this position.Now all that is true to a point except that it is ignoring two thirds of the rest of economy.So the Australia Institute, which is an independent think tank across the Tasman, has found a fascinat