Australian Left Review

Article Title

Notes on the Economy

Authors

David Evans

Abstract

Inflation

WITH THE RATE of inflation accelerating and unemployment beginning to increase, the prospects for the immediate future are quite predictable: increased government anti-inflationary pressures, with a consequent rise in unemployment. The Treasury men will argue that we need a little unemployment for our own economic health. Of course, the men who advocate such a policy have complete job security! It is not difficult to guess at the kind of measures the government will look to: hold back wage increases; cut back ‘inessential’ social services and government expenditure; increase indirect taxes.

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