Ted O'Brien (Fairfax, Liberal Party, Shadow Treasurer) Share this | Hansard source

My question goes to the Treasurer. We learnt yesterday that inflation has smashed right through the top of the RBA's target band. This is a direct consequence of the Treasurer's spending spree. Labor's spending is growing four times faster than the economy and has reached a 40-year high outside of recession. What is the Treasurer's explanation for both unemployment and inflation being well above the RBA's forecast, not unlike the stagflation from the 1970s, which people nowadays are referring to as the 'Jimflation effect'?

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