Originally Posted by
Aaron
I would have thought exacerbating the wealth gap would get us to banana republic status faster than addressing asset price inflation and moral hazard.
I am also confused as the one thing wealthy countries have in common is strong institutions such as financial institutions, courts and other public institutions often largely funded by tax which you have described as evil in previous posts.
Based on earlier posts I had assumed you would prefer NZ to be a banana republic with wealth tied up in a few hands.
Also a lack of corruption is important to achieving wealthy status.
I have read discussions as to whether central bank policies are genuinely evil or just stupid. Obviously a matter of opinion as the mainstream have no concerns as long as their houses keep rising in price and in your case understanding what central banks are doing and investing accordingly rather than wait for them to do the right thing.