Get all your news in one place.
100's of premium titles.
One app.
Start reading
The New Daily
The New Daily
Business
Alan Kohler

Alan Kohler: The two great stupidities behind our inflation

The RBA is trying to make sure we have a recession this year, by adding a credit squeeze to an energy shock. Photo: TND/Getty

Here’s a wild idea for mainstream economists to smile at condescendingly: How about the Reserve Bank stands back and lets this inflation episode run its course.

There’s a wise old saying that the best cure for high prices is high prices, since they naturally reduce demand on their own, but central bankers are trained to scoff at that idea.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.