The interest rate rise is the wrong medicine and an even worse alibi | Yanis Varoufakis

Inflation is again being used as an excuse for acts of vandalism on some of Australia’s important institutionsGet our new political email, free app or daily news podcastWhen the Reserve Bank of Australia lifted its cash rate on Tuesday, with more rate rises in the pipeline, it did so ostensibly to combat an inflation rate swollen by petrol prices and gas bills, not by avaricious wage claims. Apart from a few beneficiaries, among them Pauline Hanson, the RBA’s move amounts to an act of pointless