As in the ’70s, inflation dragon can only be slayed on the supply side
Rather than taking on vested interests to advance the public good, Labor is proposing the opposite – starting with attempting to re-rig labour markets.
Supply side reform is the only sustainable salve for the inflationary dragon set to singe us all.
The past 30 years will be remembered as the Goldilocks era: a rare moment of relative peace and prosperity coupled with tax cuts and increased government responsibility.
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Jason Falinski was a federal Liberal MP and former president of the NSW Liberal Party.
Tim Wilson is a former Liberal MP and author of 'The New Social Contract'.