Originally Posted by
Blue Skies
Given that NZ (7.2%) has an inflation rate comparable with Australia (6.9%) & Canada but lower than the UK (9.6%), EU (10.6%) , & US (9.1%), and that every country is dealing with labour shortages, supply chain disruptions, the effects of war in Europe, & the climate crisis, we've just had the wettest summer followed by the winter on record & its still pouring in November affecting agricultural crops,
AND, we have an economy which weathered the Global pandemic strongly meaning it is running too hot,
AND we have the lowest unemployment on record,
AND the Reserve Bank policy is independent of govt
AND National's blanket tax cuts will worsen the inflation problem resulting in interest rates staying higher for longer to cool the economy
AND Labour's tax credits will target support where it needed without fueling inflation & adding to the problem.
AND Australia, UK, the EU countries, US, Canada etc are all facing a cost of living crisis,
what exactly are your solutions?
You can't just criticise your way out of a cost of living crisis, you must have opinions on what the govt should be doing instead.
Let's hear them.