Written By: - Date published: 12:26 pm, August 3rd, 2011 - 36 comments
The neoliberal myth is that government economic policy doesn’t really matter, it can’t affect the economy – apart from being an anchor on growth. The truth is, government is the biggest actor in our economy. What it does matters. Bernard Hickey has listed 10 ways that the government could act to get the exchange rate down.
Written By: - Date published: 10:46 am, July 27th, 2011 - 97 comments
Every US dollar we make in exports is worth 17% less in New Zealand than 4 months ago. Gonna get worse. How long’s this sustainable?
Written By: - Date published: 10:35 am, July 22nd, 2011 - 13 comments
Another big fall in dairy prices overnight. Yet the dollar keeps breaking record highs.
Written By: - Date published: 6:29 am, November 12th, 2010 - 49 comments
The US Government has begun creating new money out of thin air, to inflate away the value of its debt and lower its currency to make its industries more competitive. It’s not the only country. Nearly all the major currencies are engaged in the ‘Currency Wars’, trying to force down their exchanger rates. We’re in the cross-fire doing nothing.
Written By: - Date published: 2:35 pm, October 31st, 2009 - 7 comments
A range of interesting political/economic comment today in the Herald: Fran O’Sullivan joins the left-wing and groups like Federated Farmers in calling on the Key Government to sort out monetary policy. At the moment, the Reserve Bank is tasked solely with controlling inflation with interest rates as its only real tool, while the exchange is …
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