AusFinance

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submitted 4 months ago by zero_gravitas@aussie.zone to c/ausfinance@aussie.zone

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[–] Whirlybird@aussie.zone -1 points 4 months ago* (last edited 4 months ago) (1 children)

Jacking up rates only works when the thing going up is discretionary spending instead of essentials.

Which it was.

[–] jonne 1 points 4 months ago (1 children)

The things going up were food, energy and housing. Those are all inelastic goods.

[–] Whirlybird@aussie.zone -1 points 4 months ago

Definitely not the only things that were going up.