Monday, 20 February 2023

INFLATION: '...the stork did not bring it from overseas.'


"Sigh.
    "Did nobody have 'The Talk' with Kiwis? 
    "Inflation isn't made by minimum wages going up. 
    "Neither is it made by supermarkets. 
    "Nor did the stork bring it from overseas. 
    "Inflation is made when a Reserve Bank Governor loves a Minister of Finance very much and prints lots of money."
~ economist Eric Crampton, explaining reality to a Twit [see also here for The Talk]

 

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