Featuring the Hoon podcast, hosted by Bernard Hickey & Peter Bale, with Cathrine Dyer on climate news; Craig Renney & Max Rashbrooke on Budget 2024 & CHA's Chris Glaudel on Kāinga Ora & social housing
Great to hear you debunking the myth about government finances are the same as household finances.
The next myth you address will I expect will be how we don't need to borrow (or tax) to fund infrastructure construction because we are a sovereign currency issuing nation.
Imagine, for example, how many more social and affordable houses would have been built if the created 'funding for lending' money had instead been used to bankroll Kāinga Ora.
Bernard can you comment? Could we be heading for stagflation? With slow growth made worse by spending cuts and cuts to all the infrastructure projects and inflation remaining high and no real levers being suggested to reduce rents food or petrol?
“Hope that’s value for money”
Just a little bit of value for money!. Thanks for all the hard work ❤️
Thanks Nic. Now I need to go down to the beach for a swim. See you there!
I would but I’m stuck in bed with the flu
Better now that I’m watching the hoon tho!
Top class entertainment.
It is! If you want any help with a UPS etc to keep the internet on (ours was on the whole time), give me a yell. Maybe not this weekend, tho….
Great to hear you debunking the myth about government finances are the same as household finances.
The next myth you address will I expect will be how we don't need to borrow (or tax) to fund infrastructure construction because we are a sovereign currency issuing nation.
Imagine, for example, how many more social and affordable houses would have been built if the created 'funding for lending' money had instead been used to bankroll Kāinga Ora.
Bernard can you comment? Could we be heading for stagflation? With slow growth made worse by spending cuts and cuts to all the infrastructure projects and inflation remaining high and no real levers being suggested to reduce rents food or petrol?
Inflation isn't high like it was during the 1970s stagflation - over 10% then.
Except of course high interest rates which would normaly bring inflation down but mayb its not working very well this time so far and maybe wont?
True