Senator PATERSON (Victoria) (14:54): IFM Investors chief economist Alex Joiner said today: We already have fiscal policy getting looser, but it could be even looser than we expect. The fiscal guard rails have come off. Minister, if even industry super thinks you have a problem, isn't it clear that the government's arrogant and stubborn refusal to even acknowledge the problem of government-spending fuelled inflation means every Australian mortgage holder and renter will today pay the price?