First scratch: National wants RBNZ to attach strings to FLP so banks lend to businesses

Bayly says Govt must tell Governor Orr "to stop throwing more and more printed money at our overpriced housing market"; Cullen wants direct financing of Govt infrastructure spending

TLDR: Andrew Bayly and Michael Cullen just lit the blue touch paper on a massive debate about the future of the Reserve Bank’s $128b programme of money printing to lower interest rates, which has sparked a new housing boom.

Cullen wants the bank to directly fund Government infrastructure spending with that printed money, and Bayly wants the central bank…