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PM on New Zealand Reserve Bank Policy Shift–transcript

Published in May 10th, 2007

Posted by Steve Keen in Debtwatch, Media Coverage, New Zealand

Will Budget tax cuts fuel inflation?Â (click here for the MP3 file)
PM - Wednesday, 9 May , 2007Â 18:14:52
Reporter: Stephen Long
MARK COLVIN: Now, will the tax cuts in the Budget cause inflation?
Some leading economists argue that the Reserve Bank could be forced to lift interest rates down the track because Government spending and tax cuts [...]

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ABC PM tonight–major policy shift by New Zealand RB?

Published in May 9th, 2007

Posted by Steve Keen in Debtwatch, New Zealand

Stephen Long from ABC News brought to my attention the fact that the Reserve Bank of New Zealand appears to be contemplating a return to regulating lending.
This is only hinted at at present, but it represents a major shift in Central Bank thinking–and a welcome one, from a debt-deflationary point of view.
I’m interviewed about it [...]

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