Policy 'guard rails' for Australian real income?

(Again) allow inflation to debauch fiat currencies? Inflation, 'bracket creep', etc, work to erode the real value of nominal net incomes and debt stock principal (public and private). This hits lower/middle income groups and those on fixed incomes most and encourages commodity price speculation.

If choosing the inflation policy 'solution', don't call it a policy solution. Governments won't.

Instead, they'll claim fiscal 'automatic stabilisers', such as inflation fattening budget surpluses, as their 'good economic management'.

They want it both ways.

They'll also shed crocodile tears about 'cost of living crises', and open their cookie jars a bit.

As now.