There is something deeply perverse about the way Australia now fights inflation.
The government keeps spending too much, the RBA raises interest rates in a bid to contain the resulting inflation, and mortgage holders are forced to carry the burden.
Oh, and now property prices are tanking too, leaving many new homeowners with negative equity, after Labor encouraged them to buy into the market.
Is it any wonder more and more Australians are losing confidence in the management skills of the political class?
State and federal governments collected $241.3 billion in taxes during the June quarter, a whopping 9.3 per cent increase on the previous quarter.
Yet total government expenses rose even faster during that same time, climbing above $291…