Australia’s money supply rises 12%, but it’s only going to a few

As we all know, 2020 has been a rather strange and unconventional year. The coronavirus pandemic is mostly to blame of course. It’s hard to imagine the sight of a mask in public being considered anything but ‘normal’ these days. But it wasn’t too long ago that it was a strange sight. And I’m not sure anyone had even heard the phrase ‘social distancing’ before the start of this year either. Yet it’s now part of our common lexicon.

But apart from these new ‘pandemic management’ norms, one of the largest changes we have seen across the economy (and society) has been the influx of government stimulus. The levels of money that the state and federal governments have injected into the economy over this year have been…