There is a free lunch, Minister

There is a free lunch, Minister

In an extraordinary exchange during a recent press conference our Finance Minister, when asked why the Reserve Bank does not write off the Covid19 debt, said “it isn’t the way we manage monetary and fiscal policy”.  He did not say that it is not technically...

Steve Keen: Covid-19 and the debt time bomb

According to the OECD, New Zealand's heavy reliance on tourism will mean a bigger COVID19 economic shock than most other OECD countries. The government's response has been 1) quantitative easing (QE), with the Reserve Bank...

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