Australian gov't plans to spend $3.5bn on an Energy Bill Relief Fund to potentially lower CPI amidst economic challenges.
The Australian gov't can "buy" a lower CPI by spending $3.5bn on an Energy Bill Relief Fund, a novel response to current economic challenges. Treasurer Jim Chalmers' use of new policy tools to combat inflation has faced backlash, with critics fearing public spending causes inflation. However, Australia's "inflation hawks" may not have it right, and innovative policy solutions could lower inflation.
May 19, 2024
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