Be careful what you wish for
July 12, 2022 Leave a comment
Inflation continues to be a politically induced phenomenon.
The U.S. currently has an approximate 25% tariff on $300 billion worth of goods from China.
and Australia doesn’t seem to know how to treat its customers.
Yet, the politicians either blame the central banks or appoint them the ogre to fix it.
Perhaps the western governments should stop practising protectionism, nationalism and xenophobia in order to scare the voting constituency into re-electing them.
Globalisation provided many economies with lower prices.
Be careful what you wish for.
p.s. global diplomacy and trade rhetoric is currently at kindergarten level.
July 12, 2022
by Rob Zdravevski
rob@karriasset.com.au
rob zdravevski's blog 