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Hot Topic Hawke’s Bay
Hot Topic Hawke’s Bay
Opinion
5 mins to read

Heaven help us – it is funny money

I’ve Been Thinking: Quantitative easing is more addictive than heroin but doesn’t make sense.

I’ve been thinking the Reserve Bank creating $60 billion to fund the government is social credit. As Walter Nash observed: “if social credit works no one else has to.”

Economists say it is not social credit because the bank is buying government debt, adding it to their balance sheet and

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Richard Prebble Wed, 20 May 2020
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Heaven help us – it is funny money
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