Rate rises and mortgage pain

Why is it up to the Reserve Bank to control inflation with interest rates? 

Imagine if there were other tools that spread the pain to more people, not just those repaying a home loan. 

Perhaps the government could force workers to put more money into their superannuation accounts or move the GST up and down depending on the inflation rate. 

Today, independent economist Chris Richardson assesses the options. 

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Chris Richardson, independent economist