Housing: a pricey problem

By Brian Easton In Economy

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29th November, 2012
A friend was enthusiastic about various unorthodox money measures, such as quantitative easing and cutting the official cash rate. I asked him how they would work. He had no idea. His was the New Zealand way: “Bugger the analysis; let’s get on with the policy.” I am reminded of something French political commentator André Siegfried said 100 years ago: New Zealanders’ “outlook – not too carefully reasoned, and no doubtful scornful of scientific thought – makes them incapable of self-distrust. Like almost all men of action, they have a contempt for theories; yet they are often ...

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