This above, from the Reserve Bank on Thursday, is very definitely not inflation. Just so you know that, you know.
I thought you should knowthat the number along the bottom scale is not really price inflation, and especially not in Hamilton or Tauranga or Queenstown.
We know it can not be inflation, you see because we know we do not have inflation in New Zealand. And we know that because the Reserve Bank always tells us so.
So we know we do not have anything to worry about, and particularly not about people borrowing newly-created money by the billion. Because that does not create any inflation. None at all – and the Reserve Bank tells us so.
Except for this inflation here of course, which the Reserve Bank tells us is something to worry about, but which they are now going to fix – bless their hearts -- just like they’ve already fixed the inflation we don’t have.
Because that’s their job, you know, to fix inflation.
Because: yes, we have no inflation. The old Reserve Bank tells me so.
And they would know. It’s their job.
Here’s a song from the Great Depression: