There can be no rational reason for the support of inflation in any country except by those few financial wizards that have learned how to take advantage of inflation at the cost of their fellow human beings.
Malcolm Edey: Opening statement to the Senate Economics References Committee Inquiry into matters relating to credit card interest rates Opening statement by Mr Malcolm Edey, Assistant Governor (Financial System) of the Reserve Bank of Australia, to the Senate Economics References Committee Inquiry into matters relating to credit card interest rates, Sydney, 27 August 2015.