Not really

croaking cassandra

Late on Friday afternoon I saw a tweet from Stuff politics and economics journalist Thomas Coughlan linking to a new and substantive article he’d written under the headline “Reserve Bank repeatedly warned Government money printing would lead to house price inflation”. Several other journalists who’ve each had a bee in their bonnet about the Reserve Bank’s asset purchase programme weighed in in support. None of them is too keen on Grant Robertson, and so it was presented as if they’d found evidence that the Minister of Finance had spent the year ignoring things that were not only totally predictable, but of which he had been advised by his officials. The Bank knew (we are told), as did The Treasury, but Robertson fiddled while Rome burned. Or so the story goes.

Now I yield to no one in my distaste for this government’s 3.5 years of appalling indifference to the…

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