Government blamed for interest rate rise

Government blamed for interest rate riseThe Government is taking the flak after the Reserve Bank again raised interest rates today.Bank Governor Alan Bollard hiked the Official Cash Rate (OCR) to a record 8 per cent from 7.75 per cent this morning.The move was a… [NZ Politics]

And so they bloody should be, this is what you get when you let a history lecturer at the levers of the economy.

David has some nice graphs for us all to see the impact of our spendthrift government. 


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