One way of beating cost of living issues is to buy a 3 month supply of durable food items- if it really is just bloody minded profiteering "MEGA CORPORATE PROFITS" (which even Adam Smith criticized) keeping the prices high you'd think that after a few months of people moving to durable goods the suppliers would back off due to losses. In order to make more profit you need to keep prices and sales high- very difficult to do if the customers have an alternative- and they usually do.

Paul1405 said-

"Add in the pair of Tory reprobates, ScumO' and Friedbrain pouring a trillion dollars of debt onto suffering ordinary Australians as they splashed billions in cash to their mates down at the Big End of Town. No wonder there is high inflation and workers incomes are going backwards!"

I suppose woke communists and assorted reprobates are always going to call Tory's especially dry blue Tory's as reprobates in order to demonize them politically- very hateful. There seems to be an allusion to the Corona debt here- it seems that many of the Traditionalist public- those that the Left call far right- actually thought all along that lock downs were a stupid idea for just the reason that it would create debt- now of course we are paying for it- we told you so- now the left want to blame their opposition for the resulting debt repayments.

The debt was created by those put out of work by lockdowns and increased costs of production due to shortages and unreliable labour- not so much from Liberal Party mates perhaps. It might be interesting to do a study of voting habits of those in the medical sector to see whether it's likely that they were complicit in subverting the Corona response- there seem to be a lot of medical errors- they get paid more if the crisis is extended through overtime- reprehensible if so to hold up the whole nation. The Liberal Party offered to send in the Army to help but the states refused

Classic communist tactics- create a problem then blame the opposition for it- false flag operations.

CM, you've lost me with this.

"One way of beating cost of living issues is to buy a 3 month supply of durable food items"

Now that is a ridiculous suggestion, battling Australians are finding it hard enough to meet rising mortgage and rent payments, with a wage decline of 4% and Big Business pushing up prices, battlers don't have thousands in surplus cash to buy a 3 month supply of food items. Maybe you are suggesting these poor folk buy on credit supplied by greedy banks at 25% interest!

What's very hateful is to burden the workers of this country with a trillion dollars of never ending debt! people like Gerry Harvey pocketing a personal $12 million, to pay executive bonus and add to the bottom line. Big Business QANTAS $600 million, just announced a half year profit of one billion dollars!

"The debt was created by", a bunch of Tory reprobates splashing the cash to their mates down at The Big End of Town, leaving the poor Aussie taxpayer to carry the can for the next 50 years! With nothing to show for it!

CM

"Classic communist tactics- create a problem then blame the opposition for it- false flag operations."

What a load of rubbish, there's no Communism in what we have been discussing. Get your head out of the clouds with references to the ghosts of the past, like this Smith bloke, dead, gone, never to return, history. Get down to the practical nitty-gritty of what can be done in the present. What we need is a new order with real people dealing with the real problems of this World. I see a place for controlled Capitalism with a liberal mix of Socialism to create a fair and just society for all. No need to make references to Communism and me, I unequivocally believe Communism doesn't work in a practical sense. It sounds good in theory, but wont work in practice, and unlike you I believe in the practical, and not some theory from the past.

Communists hate in the name of love.

Thanks Graham Young for the article- good graph.

The unemployment rate as I understand has been corrupted by political influence over the way it's defined.

GY said "The economic dog chased its tail for almost a decade until 1982, with the biggest winners being highly-geared speculators."

Ans- Yes there also seems to be a lot of recent speculation in the property market- similar to the 70's and 80's- with high gearing. But immigration has in the past been used to let property rise to even higher plateaus.