Aggressive monetary policy ignores past lessons
Economically Speaking: John McDermott explains the side effects of Covid-19 and negative interest rates.
John McDermott
Tue, 29 Sep 2020
Hot Topic
Hawke’s Bay
It has been said that the four most costly words ever spoken are ‘this time is different’. They are costly because they encourage complacency and lead us to ignore the lessons from history.
So, I will use them with caution.
We have just had the sharpest drop in real GDP in recorded
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John McDermott
Tue, 29 Sep 2020
Contact the Writer: john.mcdermott@motu.org.nz
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Aggressive monetary policy ignores past lessons
Analysis,
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