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A comment on Analysis finds Australia’s inflation being driven by company profits, not wages. Parent comment

Re:Analysis finds Australia’s inflation being driven by comp... by imtringued on Saturday February 25, 2023 @06:45AM (#34935882)
The problem with monetary policy is that there is no way to actually decrease the money supply, other than repaying debt. If there was literally any other mechanism to get rid of excess money, then you could, for example, do helicopter money when there is a recession and do the inverse of helicopter money when there is a boom and never even touch the interest rate.
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Re:Analysis finds Australia’s inflation being driven by comp... by okr on Saturday February 25, 2023 @07:17AM (#34936100)
Does that mean, someone would add or take money from anyones bank account? And you can't do anything about it?
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Re:Analysis finds Australia’s inflation being driven by comp... by kasey_junk on Saturday February 25, 2023 @08:40AM (#34936569)
Taxes are one of these mechanisms. It’s just political suicide to vary the tax rate like this.
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