That's a great article, Jim. Supply shortages & not excessive demand are the cause of our inflation & the RBNZ's big hikes in the OCR are worsening the situation. This reinforces my belief that it's dangerous for the RBNZ to be independant of the government. This independance gives the RBNZ the power to derail the government's monetary p…
That's a great article, Jim. Supply shortages & not excessive demand are the cause of our inflation & the RBNZ's big hikes in the OCR are worsening the situation. This reinforces my belief that it's dangerous for the RBNZ to be independant of the government. This independance gives the RBNZ the power to derail the government's monetary policies with the government powerless to stop it. The RBNZ was established by National in 1934 as the government's monetary arm,to implement the government's monetary policy. It was made independant by that economic illiterate, Roger Douglas & like all neo lib policies, we're now paying the price.
That's a great article, Jim. Supply shortages & not excessive demand are the cause of our inflation & the RBNZ's big hikes in the OCR are worsening the situation. This reinforces my belief that it's dangerous for the RBNZ to be independant of the government. This independance gives the RBNZ the power to derail the government's monetary policies with the government powerless to stop it. The RBNZ was established by National in 1934 as the government's monetary arm,to implement the government's monetary policy. It was made independant by that economic illiterate, Roger Douglas & like all neo lib policies, we're now paying the price.