Paul Conway is a piece of work as well as Adrian.
https://www.scoop.co.nz/stories/BU24...aul-conway.htm
According to Paul
"Inflation spiked higher during the pandemic on a mix of supply and demand-related factors. Shortages of labour and materials, in an environment of high demand, were key in driving up inflation."
Was demand driven by 0% interest rates and Funding For Lending as well as printing money to give to the Labour govt who showered the nation with cash. Did a concern for a 10% drop in house prices cause you to nearly double the money supply?
This from the same Paul Conway who said when inflation first started to tick up that "we should all just accept that we will be poorer". He should have qualified that statement with "you wage slaves should all just accept that you will be poorer", that way we can keep our asset gains without wages and CPI inflation going up.
Looks like it worked, with NZ topping the global rents to income chart recently. Great work Paul, asset owners and landlords should be sending you thank you cards. Young people without wealthy parents and landless, assetless, wage slaves should be joining the exodus to Australia.