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
RT @Adherium: In Australia, nearly 40 per cent of #asthma sufferers rely on reliever medications to tackle regular flare ups, instead of us…
1/02/2018 5:10 PM
RT @Adherium: In the latest @atscommunity report, #asthma costs the US economy more than $80bn annually in medical expenses, missed work an…
17/01/2018 8:06 PM
RT @MkBlyth: Interview on WBUR (Boston) with Chris Lydon @radioopensource last night. Chris is the guy that gave me my radio voice a decade…
7/01/2018 12:45 PM
RT @Valuetrap13: There is a simple reason corporations are not investing as much. It's the right hand scale. Macroprudential policy based…
7/01/2018 12:32 PM
RT @Adherium: Sharp rise in #mHealth app usage - health condition management apps now account for 40% of all health-related apps https://t…
7/01/2018 12:32 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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