Snowy's $40 Billion Money Pit
Snowy 2.0 threatens to become a ruinously expensive monument to political hubris, engineering failure and government waste.
It was only a matter of time until the inflation rate reflected what every shopper has known. Prices are rising and household budgets are under pressure.
The official Australian inflation rate hit a multi decade high of 5.1% today.
In the real world it's likely much higher as those managing household budgets will attest.
The 'pop' in inflation is unlikely to be temporary or benign.
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