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Comments on: Everyone needs to play their part? http://www.tvhe.co.nz/2008/12/10/everyone-needs-to-play-their-part/ The Visible Hand in Economics Wed, 10 Dec 2008 19:03:08 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: Defending the Bank’s attack on “prices” « The visible hand in economics http://www.tvhe.co.nz/2008/12/10/everyone-needs-to-play-their-part/#comment-4028 Wed, 10 Dec 2008 19:03:08 +0000 http://tvhe.wordpress.com/?p=2352#comment-4028 […] Yesterday I said that I thought the Bank’s speech on bringing down the price level was ridiculous.  Not only is asking for a decline in prices a strange thing for a central bank to […]

]]> By: John http://www.tvhe.co.nz/2008/12/10/everyone-needs-to-play-their-part/#comment-4027 Wed, 10 Dec 2008 18:57:09 +0000 http://tvhe.wordpress.com/?p=2352#comment-4027 A lot of lower paid are spending too much money on communications Telecom/ Vodaphone, Broadband, Sky. Legalise handguns and we can dispense our cell phones.

]]> By: Matt Nolan http://www.tvhe.co.nz/2008/12/10/everyone-needs-to-play-their-part/#comment-4026 Wed, 10 Dec 2008 17:54:37 +0000 http://tvhe.wordpress.com/?p=2352#comment-4026 “We’re awfully lucky that commodity prices have dropped faster than the dollar.”

They are awfully lucky because it will prevent people saying that they had a policy failure – I don’t think the domestic economy will be too happy with a decline in our terms of trade

“wtf??? These are oligopolies, mostly govt owned.

Of course they do not face genuine market pricing”

Even oligopolies will reduce prices in the face of a reduction in demand, that is still a price signal, even if it isn’t “efficient” – if prices aren’t falling there must be a reason.

Furthermore, if there is a genuine competition issue, why doesn’t the RBNZ bring it up with the commerce commision.

I’m serious when I say that this sort of jawboning from the Bank is embarrasing – they are a lot better than that

]]> By: Phil Sage (sagenz) http://www.tvhe.co.nz/2008/12/10/everyone-needs-to-play-their-part/#comment-4025 Wed, 10 Dec 2008 13:48:36 +0000 http://tvhe.wordpress.com/?p=2352#comment-4025 wtf??? These are oligopolies, mostly govt owned.

Of course they do not face genuine market pricing

]]> By: Eric Crampton http://www.tvhe.co.nz/2008/12/10/everyone-needs-to-play-their-part/#comment-4024 Wed, 10 Dec 2008 11:43:51 +0000 http://tvhe.wordpress.com/?p=2352#comment-4024 In other news, Dr. Bollard has taken to leaving his wallet sitting open outside RBNZ House, but implores passers to do the right thing.

We’re awfully lucky that commodity prices have dropped faster than the dollar.

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