![]() The blunt instrument that sits alone in the Reserve Bank's toolkit is, of course, the interest rate. You’ll have to do the job on your hands and knees with these old hedge clippers. ![]() ![]() It's like hiring someone to come and cut your grass, and then telling them, “Sorry, we don't have a proper lawnmower. They have outsourced the whole policy business to their wholly-owned, wholly independent subsidiary, the Reserve Bank of New Zealand (RBNZ) – our central bank.Īnd then, to compound their negligence, they haven't given the RBNZ the tools needed to do the job. ![]() New Zealand governments no longer do economic policy. Opinion: Am I the only person getting angry about this? We are being told, from left and right, that our primary economic problem now is inflation: increases in prices and wages.Īnd what is our government doing about it? Nothing. ![]()
0 Comments
Leave a Reply. |