Tag: Inflation

  • Ruh Roh!

    I grew up in the 1970’s listening to my Mum and Dad telling me stories about the Great Depression. Although the stories were often grim they were paradoxically told with wry humour. But as they both pointed out, they were in their late teens during the worst of it and so not responsible for a…

  • Subtle lies and Brutal truths

    First the subtle lie of the US CPI, the Consumer Price Index that supposedly measures the change in prices for the ordinary, everyday things purchased by everyday people. There are always changes going on with any CPI because the basket of goods measured has to change as an economy generates new goods. Obviously we’re not…

  • They Never Learn

    “Inflation is the moral ruin of societies, for it authorises a debtor not to make effective repayment of the real sum which he and the creditor had in mind, but only of a smaller sum, which is the same only in name. It is a school of default on the substance of promises.”

  • BEING PART OF THE PROBLEM, NOT PART OF THE SOLUTION

    As the country struggles to come to grips with inflation at a level not seen since the dying days of the deeply flawed Lange Labour government their nice Mr Robertson, in an astonishing outburst of chutzpah, declared there was nothing to see here … that our economic fundamentals were sound. Cynics might suggest that the…

  • Misty Mountain Hop

    Starting with something beautiful, let’s keep going on that before we plunge into the ugly realities of our world. As I explained in a post back in January, I hate these people, and with every passing day the hate deepens as their desire to control the rest of us deepens, literally. They even have their…

  • BEWARE OF GREEKS BEARING GIFTS

    I guess many eyes will be on the Reserve Bank when it announces the new OCR on Wednesday. It is projected to rise anything between 50 and 100 basis points. We’ll be generous … lets assume it comes in at the midway figure. That means that every Kiwi family with the average mortgage debt assessed…