Insights
History is more than a set of pre-defined answers
Even with that understanding of history, different people will come to different conclusions.
Even with that understanding of history, different people will come to different conclusions.
If experience is anything to go by, the new RBNZ era will end in tears and inflation and it will take another Minister of Finance, and another RBNZ Governor, to clean up the mess.
The times of economic reason and rationality are long gone in Europe.
the Government cared for higher wages, it should focus its efforts on improving New Zealand’s productivity.
“Fair Pay Agreements” will make us more European than Europe, but not in a good way.
The picture emerging for Europe is worrying.
© Dr Oliver Hartwich