In this discussion with Deep T we go through the inflation and interest rate dynamic as seen by the RBA, and look over factors driving inflation – particularly fixed costs and energy costs – with the attendant scope for interest rates to be all that effective, while at the same time primarily moving money from one section of society least able to afford it to another which is already more affluent.
The discussion moves onto Australian media and somehow ends up reflecting on the US Presidential election debate – and possibility we have a senile versus psychopath struggle – and apparent delight in a relatively marginal fixation on a single politicians principle based stand on Palestine when significant socio economic issues rarely get a look in.
Discussion goes for just on 50 minutes.