Australia’s money supply has exploded. Broad money (M3) has grown from around $1.8 trillion in 2015 to around $3.3 trillion in 2025. That’s an increase of approximately 83%. More dollars chasing a limited supply of houses, goods and services inevitably reduces the purchasing power of each dollar over time. Money supply growth is not the only influence on inflation and asset prices, but it is one important factor economists examine alongside productivity, government spending, credit growth and supply constraints. Australians didn’t become 83% more productive over the same period so did the currency supply?
Spot on. We know this all too well in Australia, taxed to breathe.
Keep hammering employment and business and you eventually kill the incentive to work, hire, invest or build anything.
High taxes don’t just take a bigger slice they shrink the whole pie.
@GreenTyler27 Much can be saved from reversing the regulated carbon phobia (gas of life) and focus on thermal insulation, natural daylight and ventilation.
@seanclarke911 When policy makers have guaranteed salaries and benefits they are outside the market and don't understand the core nature of our society.