An article about how well inflation is working.
They should be talking to property speculators/rentiers or an over indebted govt, they are the main beneficiaries of the current ridiculous monetary policy and stupid inflation targets.
https://www.stuff.co.nz/business/350...everyday-kiwis
Not much help as it does not address the cause of inflation or solutions. Still wondering why 1-3% inflation is OK but 5-6% is no good.
Based on the article I guess it is because the plebs and workers might realise that they are being ripped off by their own govt. for the benefit of the more well off asset owners if inflation gets too high. The RBNZ has a govt mandated 1%-3% inflation target so I guess this means any blame for an overshoot can be squarely placed on the small shoulders of the RBNZ.
What causes inflation? Putin? Suply Chain disruption? mass immigration? ZIRP? Money Printing? who knows.
I wonder if this graph shows a link with inflation and money printing.
https://tradingeconomics.com/new-zea...oney-supply-m1