Article – Keith Rankin It is true that New Zealand and the rest of the world now faces substantial inflation pressure. As the 2020s unfold, the biggest macroeconomic story as in the 1920s after World War 1 is likely to be about how we address these pressures …
It is true that New Zealand – and the rest of the world – now faces substantial inflation pressure. As the 2020s unfold, the biggest macroeconomic story – as in the 1920s after World War 1 – is likely to be about how we address these pressures in a context of even the experts having little understanding of the contemporary manifestation of the problem, or of how to address it.
Friday, 16 July 2021, 1:12 pm
It is true that New Zealand – and the rest of the world
– now faces substantial inflation pressure. As the 2020s
unfold, the biggest macroeconomic story – as in the 1920s
after World War 1 – is likely to be about how we address
these pressures in a context of even the experts having
little understanding of the contemporary manifestation of
the problem, or of how to address it.
Modern
capitalism faces a new cost structure that has evolved
since the 1970s; and it faces supply complexities that are
chaotically unravelling in the wake of the Covid19
pandemic.
The cost structure that has arisen mainly