Spikes in inflation are often blamed on government borrowing to deliver cash handouts. But it’s more complicated than that. The real issue lies in borrowing without a plan to balance the books.
New Zealand’s history of inflation, recessions and unemployment offer clues to what might happen next. Coupled with global events, the outlook is not promising.
Whose contribution is ‘worth’ more?
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The 2022-23 budget is the result of a good plan, well executed. But whichever party next takes government must close the deficit gap – without resorting to austerity.
Weeks out from a possible election, the federal government has delivered a voter-friendly budget filled with giveaways
South Africa President Cyril Ramaphosa: His party’s 2022 elective conference and the country’s 2024 national elections will define political choices.
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In 1950, the top 0.01% of earners paid almost 70% of their income in taxes. By 2018, the super-rich paid proportionately less than the average for all other Americans.
South African Reserve Bank Governor Lesetja Kganyago.
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Central banking was given to technocrats whose job is to make the difficult decisions. But there are parameters. And within these, central bankers must act independently, without fear or favour.