Mmastodon BusinessEconomy first seen 6 h ago, last 8 min ago, peak #7

Economist Chris Richardson's plain-English inflation definition finds an audience

Original: I like this definition of inflation & the questions raised: “As independent economist Chris Richardson told The Business

Independent economist Chris Richardson told ABC's The Business that inflation is simply 'too much money chasing too little stuff', adding that neither the Reserve Bank nor the Australian government can wave a magic wand to fix it. His concise framing of the trade-off between interest rates and supply-side limits has struck a chord with readers discussing Australia's ongoing cost-of-living debate.

Why now: Australians are still grappling with stubborn inflation and interest rate decisions, making accessible expert explanations resonate.

Chris RichardsonReserve Bank of AustraliaThe BusinessAustralia

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Rank over time, top of the chart is #1. 6 snapshots from 6 h ago to 8 min ago.

Evidence

• I like this definition of inflation & the questions raised: “As independent economist Chris Richardson told The Business last night: “"Inflation is just too much money chasing too little stuff. “"But no Reserve Bank, no government can wave a magic wand and make Australia… · Su_G@aus.social · 17

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