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HBO and The Ringer's Bill Simmons hosts the most downloaded sports podcast of all time, with a rotating crew of celebrities, athletes, and media staples, as well as mainstays like Cousin Sal, Joe House, and a slew of other friends and family members who always happen to be suspiciously available.
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In this episode, Lloyd breaks down what’s really been happening to the Aussie dollar, from ultra-low interest rates to massive bond-buying during COVID, and how all that cheap money ended up torching our purchasing power. He unpacks why inflation ran wild, how government spending piled on top, and what the RBA got wrong (and right) trying to fix it. If you’ve been wondering why everything suddenly costs more, or whether the dollar is actually recovering, this convo connects all the dots in plain English.
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Timestamps
[00:00:00] Introduction
[00:02:11] How COVID triggered massive money supply expansion
[00:05:04] Oversupply, inflation, and real-world examples (Big Macs, Maxi Bonds, etc.)
[00:08:38] Why the AUD kept getting weaker against the USD
[00:11:03] The RBA’s attempt to pull inflation back to target
[00:14:32] What they should’ve done vs what actually happened
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