Monetary Policy is now political

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http://www.interest.co.nzMonet... Policy is now politicalNZ First, Labour eye RBNZ ActWant wider focus, lower ratesNational wants current ActPanel 2 Foreign investors and pollsShort and curliesNZ$60 bln of debt Every 90 days$15,000 debt/New ZealanderPanel 3 Debt servicing to exportsDoubled to 17% in 4 yearsCurrency follows closelyDebt too high, currency slumpsPanel 4Debate is on Borrowers vs saversExporters vs importersBorrowers want low ratesSavers want high ratesPanel 5Borrowers + exporters = NZ$230 blnSavers + importers = NZ$150 blnWho will win?I hope savers do Low inflation = solid economy

Channel: News & Politics
Uploaded: November 30, 1999 at 12:00 am
Author: ofInterestNZ

Length: 05:34
Rating: 5.00
Views: 214


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Video Comments

hqlion (November 30, 1999 at 12:00 am)
Fiat currencies, debt based money- money is debt. Wake up. Run a competing commodity based currency, people can use the always depreciating paper currency or silver/gold currency.
Chandlerbin2006 (November 30, 1999 at 12:00 am)
Abolish your central bank, their sole function is to redistribute wealth on an arbitrary basis. It doesn't matter who controls the bank and what they say their goals are, no single body should have control over the cost of credit. Let the free market work, use commodity based currencies, it will save your child and grandchildren from certain debt slavery.
EVCarolina (November 30, 1999 at 12:00 am)
Thanks

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