RT @Adherium: We are excited to announce that the U.S. Food and Drug Administration (FDA) has granted our 510(k) clearance for over-the-cou…
3/04/2018 1:56 PM
The Economist | Moral hazard https://t.co/GU02RCk5VA via @TheEconomist
28/02/2018 7:09 AM
RT @ftcompanies: Corporate moves to cut ties with NRA do not go far enough https://t.co/CjwL5x8NhS
26/02/2018 8:14 AM
RT @KateRaworth: Let's get personal. Here's my life - along with my mum's, my kids and their kids - mapped out on a climate timeline. Bring…
26/02/2018 8:13 AM
RT @natehoIe: Companies that cut ties w/ the NRA: Delta United Airlines SimpliSafe Teladoc Wyndham Hotels MetLife Symantec Enterprise Alam…
25/02/2018 6:56 PM
RT @bernardchickey: Real question for RBNZ is why isn't it cutting rates? Core inflation below 2% target for 6 years. Jobs growing strongly…
9/02/2018 8:34 AM
RT @MkBlyth: Thought for the day: Let's say rising wages cause inflation panic cause equity crash. So we have built a system where stabilit…
9/02/2018 8:23 AM
RT @MkBlyth: Oic of the day. HT to @DougHenwood for nailing this. Not only is a 2.4% annual growth in wages unlikely to start an inflationa…
9/02/2018 8:22 AM
RT @Adherium: CEO @arik_anderson featured in @beckershr - Rule No. 1 for medical technology: Stay out of the doctor’s way https://t.co/d5FP…
1/02/2018 5:10 PM
RT @MkBlyth: Picture of the day from Llewellyn Consulting. Gross World Product went from 18 to 77 trillion since 1980. Massive Growth. Wher…
1/02/2018 5:10 PM
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20
NOV 09

Labour seems to be getting it....




Walking away from orthodox received wisdom is hard.  Change costs political capital and good on Labour and Phil Goff for putting it out they and having the backbone to walk away from the previously cherished position on monetary policy.

Monetary policy as implemented in New Zealand has not served the economy well – as anyone who cares to look will agree. The TINA (there is no alternation) conviction is breaking up and about time.

Even now it might be too late to arrest the decline in our economy, things might have gone too far.

I hope not.
 


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