Random Green Economics – by the Owl

I just read that the NZD is about to hit 85 US cents.

The Greens printing of money was to get to .075 US cents. I think they said print $3 Billion.

My quick calculation is that if we did what Russel Norman wanted to do then and we know that it would have had NO effect on the currency (even my grandmother knew that) – the Reserve Bank would have just lost by my calculations  $300,000,000.00 in 3 months.

Random economics I know and pretty simplistic and maybe even incorrect but would be interested on other people’s economics.


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