The NAIRU framework uses unemployed as inflation buffer. Job guarantee alternative: employed buffer stock doing public work at fixed wage. Same inflation control, no unemployment. Current policy isn't economic necessity - it's a choice that disciplines labour to protect capital.

RBNZ has one tool to control inflation: OCR crushes demand by destroying jobs. The Government has many tools (supply-side policy, price controls, investment) but won't use them - that would admit government can act. 50,000 lose jobs while the government dodges responsibility.

The point is we could have funded it ourselves (Govt spending) without the $180m annual payment to 'investors' under the PPP. That's the rort.

@bernardchickey.bsky.social more of this please.