Uncommon Sense: Demystifying Australia’s Economy with Dr Richard Denniss
What is causing inflation in Australia? Dr Richard Denniss from The Australia Institute chats to Amy about the current economic issues including raising interest rates, inflation, tax cuts, and wage growth. Richard discusses inflation and explains what has gone up in price, how this is related to the rest of the world and why not everyone is feeling the pinch.
Richard breaks down what happens when interest rates rise and how this impacts unemployment rates - and why we must get over the idea that wage growth is an abstract concept that is uncontrollable.