They talk about keynesian economics but really it is the John Law school of economics that current central bankers are following.
An opinion piece from the NZ initiative so surprising as I would have thought they would be very pro trickle down economics. Maybe even they see the actions of the central banks as too extraordinary since 2008.
https://www.nzherald.co.nz/business/...EU5EGNKLCOYSE/
Confirmation bias reading in the herald this morning. An economist pointing out how the older generation keeps shi**ing on the younger generation and some are starting to give up hope. Points out as I have that neither Labour or National will change this, as selfish older ar*eholes will continue to vote for who ever promises them the most. Labour did it last time with its covid policy last time and I suspect national will this time with tax cuts for the better off half of society(read older generation).
https://www.nzherald.co.nz/nz/robert...6KSDUUOSWMHK4/
I guess being locked out of housing or wealth creating assets unless you want to accept ridiculously low yields and becoming a debt slave. At the same time you are saving for your retirement through Kiwisaver (because we all know that national super will become unaffordable only after the last boomer is on board) while paying off your student debt and paying tax to fund the overly generous and unfunded national superannuation of the older generation who did not save for their retirement.
I still can't understand why young people are not really really angry.