An economics professor has commented on how the Australian government's spending is prolonging an era of inflation.
Gigi Foster, professor of economics at the University of New South Wales, said the government is keeping inflation high in their attempts to pump money into the economy. “The problem is we've now got this persistent model in our minds that when there's a problem the government has to come in on their white horse and stimulate us out of the problem, make a subsidy decisions or have some kind of rebate or writing money cheques," she said.
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