Tim Hazledine an economics professional says that inflation is supply chain related, nothing to do with money printing by the RBNZ or historically low interest rates.
He is more worried that the RBNZ talking about controlling inflation will cause people to lose jobs and suggests what we might do to stop the deflation.
Reading this crap makes me want to buy a pitchfork.
https://www.nzherald.co.nz/business/...AAF3F7KNVWSA4/
Is it true that constantly rising prices are good for people and the economy. If so what is the proof. Currently all I see in NZ is rampant asset price inflation, a widening gap between the asset owners and the rest and a loss of social mobility meaning you can't become one of the asset owners. Probably a bit extreme at this stage, but it is the direction we are headed and all these economists suggest are ways to speed this up.
Is it also true that the financial system would collapse if debt stopped expanding. Maybe that is the real reason, no one wants to be around when the ponzi breaks.
Any economists posting on share trader? I would be interested to know.
Jenny Ruth was also in the herald this morning but I can't seem to find her articles online. She was criticising the RBNZ but not for the same reasons as me.
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