I wonder if rising corporate profits is the main driver of inflation here in Nz, like it is in Europe?

I wouldn’t be at all surprised.
#NZEconomy

https://twitter.com/imfnews/status/1673287590865412096?s=61&t=QWyYGvEEd1t9tfTieajMrQ

“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

• This "#FiscalResponsibility" actually damaged the #NZEconomy
• Lower benefits = less spent at small businesses = businesses closed down = even higher #NZUnemployment
• People with jobs had those jobs taken away from them because #NZNationalParty & Treasury wanted #TaxCuts