We’re still stuck with flawed solutions to economic problems
The RBNZ is throwing the kitchen sink at our Covid-19 crisis but it’s not exactly a precision instrument.
Scene: On the bridge of the Reserve Bank, tension fills the air. Governor Adrian T. Orr stares at the black hole of recession on the screen as it sucks the ship into its giant maw.
“I need more money Scotty! Give it everything you’ve got,” he yells.
“The balance sheet cannae take it
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