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"In which I call bullshit on the Government's talk about the need for spending cuts because 'the money has run out' & 'times are tough' & we need to 'tighten our belts'.
Actually, the professionals who judge our Government's finances see no crisis at all. 
thekaka.substack.com/p/the-profes..."

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title:

"The professionals actually think and act like our Government has no fiscal crisis at all"

description:

"And they’re right. Despite the Govt’s fiscal crisis talk, mostly NZ banks, NZ fund managers and central banks bid a record-high $22.7b for $6b of new Govt bonds maturing in 2036 costing 4%/year"

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createdAt:

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