Lots of people said lots of things in lots of places about how producer and exporters just had to be strangled in order to save us all from the inflation monster... now we're starting to see Alan Bollock's strangling taking effect -- not on inflation, but on producers and exporters.
HERALD: Jobs lost as high dollar hits exportersBut 'too fast growth causes inflation' you say? Interest rates just had to be hiked, you say? Well, no it doesn't. And no they don't. Alan Bollocks -- strangling producers and exporters for no reason other than economic ignorance.
The high New Zealand dollar has claimed the jobs of 177 workers after three exporters said they could no longer compete against cheaper overseas competitors. Companies in Auckland and Christchurch yesterday announced layoffs as the high dollar made them unable to foot it on international markets...
Links: Jobs lost as high dollar hits exporters - Herald
Denying prosperity by misunderstanding inflation - Not PC
Too-fast growth is bad. Right? - Not PC