In the 1990s, the awesome powers of central bankers would cause markets to tremble… Nowadays, central bankers can hack away at interest rates and nothing will happen.
With the wisdom of hindsight, the Labour/Greens combo never did have the numbers to get a meaningful capital gains tax (CGT) across the line…
When it comes down to protecting the most vulnerable, Parliament can sometimes move at glacial pace, and do the bare minimum.
Back in the 1990s, central bankers were like kings.
An interview with NZIER chief economist Shamubeel Eaqub, about how to nurture this frail economy through its convalescence