It feels like we have lost the lessons of the past and it's a rerun of the 1970s and 1980s. A lot of pain to get things under control which unfortunately will need to be repeated.
Don above all else is a gentleman. I'd be very interested to hear his views on what Oliver Hartwich & Graeme Wheeler have also relayed, apropos the RBNZs recent performance. Their's has been rather more critical, and I believe deservedly so. When it comes to the resilience of our banking industry and the likes of inflation, Tane Mahuta is surely an irrelevancy.
Yes I absolutely agree with your comment Ron. Currency backing just by gold won't work just as it wasn't working leading up to Nixon's move in 1971. Nevertheless, when fiat currencies go tits up, the only viable solution is to move to a tangible and stable backing.This new concept involves probably 20 major commodities including gold and other PMs. So the genius of this new system will be the stabilising effect of multiple commodities including energy, and grain etc that provide the tangible backing for all of the cooperating currencies. Also price discovery for gold is not market driven anyway but by the paper markets.IOW people who don't have physical gold sell paper to other entities that don't want t…
Very Interesting talk thank you Don Brash. Greatly increased my knowledge on inflation and how it works. Pity Don didn't give s 'savers' some advice on how to keep our savings and not end up in the same boat as his relative.
It feels like we have lost the lessons of the past and it's a rerun of the 1970s and 1980s. A lot of pain to get things under control which unfortunately will need to be repeated.
Don above all else is a gentleman. I'd be very interested to hear his views on what Oliver Hartwich & Graeme Wheeler have also relayed, apropos the RBNZs recent performance. Their's has been rather more critical, and I believe deservedly so. When it comes to the resilience of our banking industry and the likes of inflation, Tane Mahuta is surely an irrelevancy.
Very Interesting talk thank you Don Brash. Greatly increased my knowledge on inflation and how it works. Pity Don didn't give s 'savers' some advice on how to keep our savings and not end up in the same boat as his relative.
Very good. Why can't we examine international economies objectively, look at countries which have managed to keep inflation down, and learn from them?