@lobsterburgess.bsky.social
Reposted
On a tackling myths theme...
How many times have you heard this explanation of our current economic position? Bloody Govt spent big, this caused inflation, so RBNZ had to go full 'shock and Orr'... and now we have to have a recession 😢
Every single link in this causal chain is weak af... [🧵1/n]
How many times have you heard this explanation of our current economic position? Bloody Govt spent big, this caused inflation, so RBNZ had to go full 'shock and Orr'... and now we have to have a recession 😢
Every single link in this causal chain is weak af... [🧵1/n]
February 6, 2025 at 5:48 AM
On a tackling myths theme...
How many times have you heard this explanation of our current economic position? Bloody Govt spent big, this caused inflation, so RBNZ had to go full 'shock and Orr'... and now we have to have a recession 😢
Every single link in this causal chain is weak af... [🧵1/n]
How many times have you heard this explanation of our current economic position? Bloody Govt spent big, this caused inflation, so RBNZ had to go full 'shock and Orr'... and now we have to have a recession 😢
Every single link in this causal chain is weak af... [🧵1/n]