A Financial Times leader delivers advice that Finance Minister Grant Robertson should (but probably won’t) consider.
Essentially, the advice is to resist the temptation to involve the central bank in the challenge of slowing the rise in house prices.
Changing regulation and reforming planning law is a smarter way to go.
The FT observes that – to many – it may seem obvious that the central bank quantitative easing programmes launched after the 2008 financial crisis have led to inflation, as money printing inevitably does.
But the inflation has has shown up in booming stock markets, high prices for art and collectibles, and surging cryptocurrencies. Rather than higher consumer prices, cheap money has led to asset price inflation.
In this reading, the FT says, central banks should reconsider their stimulus policies because they are only delaying and deepening the eventual bust.
Furthermore, according to the critics, stimulus is increasing…
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Utopia, you are standing in it! 
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