@strypey

Auf die Frage, ob er den Reservestatus des US-Dollars für gefährdet hält, antwortet Bernard Hickey eiskalt:

"Nein."

Warum nicht?

"Weil die USA mehr Flugzeugträgergruppen haben als China.

Im Gegensatz zu den monetaristischen Zombies weiß er, dass ihr magisches Scheckbuch (um Rob Newmans Analogie zu verwenden) weiter funktionieren wird, solange alle glauben, dass der US-Staat den Wert seiner Währung auf den globalen Märkten sichern kann - wenn nötig mit Gewalt.

#bernardhickey

Asked if he thinks the reserve status of the US dollar is in jeopardy, Bernard Hickey's reply is as cool as ice:

"No."

Why not?

"Because the US has more aircraft carrier groups than China."

https://theworkinggroup.podbean.com/e/the-working-group-with-ruth-richardson-bernard-hickey-and-damien-grant/

Unlike the monetarist zombies, he knows that as long as everyone believes that the US state can back the value of its currency in global markets - by force if necessary - their magic checkbook (to use Rob Newman's analogy) will keep working.

#BernardHickey

"We left that land before the irrigation technology came along and it was irrigated to within an inch of its life. That land is now polluted and the rivers and the lakes downstream from it, in Galatea, are polluted. But the value of the land has risen sharply, because of the number of milk solids it produces."

#BernardHickey, 2023

https://thespinoff.co.nz/podcasts/when-the-facts-change

#podcasts #economics #farming #dairy #pollution #environment #WhenTheFactsChange

"... the politicians of both National and Labour understand how to win MMP elections. They know there are more swinging median voters who own homes in suburbs and provincial towns than there are non-car-driving renters in the big cities. That won’t change until the electoral demographics change, which would require more than 500,000 non-voting young renters to vote, and for several hundred thousand older swinging voters to not vote."

#BernardHickey

https://thespinoff.co.nz/politics/09-03-2023/how-a-rogue-survey-over-public-transport-funding-reveals-a-stark-generational-divide

#NZPolitics

“Monetary policy is a blunt instrument.”
— Paul Conway,
The chief economist of the Reserve Bank of NZ

Q. Who killed the New Zealand economy?

A. Adrian Orr, in the living room, with a blunt instrument.

https://thekaka.substack.com/p/the-rbnz-throws-a-wet-blanket-over#details

#NZEconomy #NZPolitics #RBNZ #ReserveBank #InterestRates #Inflation #BernardHickey #TheKaka