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  1. #41
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    Jun 2004
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    Quote Originally Posted by Perry View Post
    A number-cruncher acquaintance of mine says that the main factor is because the gummint increases the money supply by 7% annually.

    I must ask him how he sees that relating to the CPI and the 'official' figure.
    Wouldn't that create inflation - increasing money supply 7% per annum?

  2. #42
    Join Date
    May 2008
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    3,434

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    That's why they do it (so I'm told).
    They are trying to get a bit of inflation and increasing M3 should help do it.

    Here's an economics 101 question:
    If the money in circulation was fixed and the population increased, would things get better or worse?

  3. #43
    Join Date
    Sep 2004
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    Hastings
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    14,614

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    Quote Originally Posted by Perry View Post
    A number-cruncher acquaintance of mine says that the main factor is because the gummint increases the money supply by 7% annually.

    I must ask him how he sees that relating to the CPI and the 'official' figure.

    Quote Originally Posted by Wayne View Post
    Wouldn't that create inflation - increasing money supply 7% per annum?
    It does. And that's why they want a CGT. So they can collect a tax in real dollars that's levied on an illusion of their making. Something for nothing for the gummint.
    With all the Draconian new laws for residential rental LLs, perhaps AirBnB would be better? To avoid any hassle in Hawke's Bay, consult Be My Hostess. Want a great looking concrete swimming pool in Hawke's Bay? Designer Pools will do the job for you!

  4. #44
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    Jun 2004
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    Quote Originally Posted by Perry View Post
    It does. And that's why they want a CGT. So they can collect a tax in real dollars that's levied on an illusion of their making. Something for nothing for the gummint.
    Oh dear !


 

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