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Showing posts with label Reserve Bank of NZ. Show all posts
Showing posts with label Reserve Bank of NZ. Show all posts

Monday, February 24, 2025

Professor Robert MacCulloch: The graph that shows how the RBNZ Mistakenly Caused NZ's Worst Slump since 1991 (barring Covid's 2020)


What have we got to know about Reserve Bank of NZ Governor Adrian Orr over the years? He's hot headed, can't take criticism from folks more knowledgeable about economics than himself, gets carried away & overexcited, and is desperate to be in the news. Orr told the country he wanted to "engineer a recession" to stop the inflation he created. Instead he engineered three (Stats NZ data has become as unreliable as the Census since the Chief Statistician / CEO there hasn't has a statistics qualification for over a decade). But there was never a need.