Great to hear Dr Brash on your show David. I have a huge respect for what he's done for New Zealand.
@hanzn67843 ай бұрын
Govt: You need to maintain stable prices Fed: By stable prices we assume you mean prices that go up every year
@geoffgjof3 ай бұрын
Please don't shorten your videos. The long form allows a great conversation where a lot more data geta communicated.
@______6383 ай бұрын
Certain "economists" insist The Fed has stated in its own words that it is not a 2% annual target, but a 2% target "over time" withthe time component never being explicitly stated. This makes the entire notion of a specific targeted inflation rate inobtainable.
@James-il3tq3 ай бұрын
US has entered new era of fiscal dominance where government deficits so high it overrides central banks. When the Fed increases rates in this new era it can actually INCREASE inflation by governments deficits increases (need to borrow more to pay interest on debt). This causes governments to spend more which the central banks have to monetize the debt. Central banks are no longer independent nor is their primary role anymore to keep inflation (government reported currency debasement) around 2%/year. Primary role to keep liquidity in markets and banks, 2nd role to monetize government debt, 3rd role inflation and unemployment. Phillips curve has never worked by the way. END THE FED!
@geoffgjof3 ай бұрын
Why do you think Yellen is offering mostly short term treasuries right now? Once the recession is evident and the Fed cuts rates, then she'll offer more long term to help take advantage of the larger spread that will still be there because of stagflation.
@fillmorehillmore82393 ай бұрын
I like these insider guests.
@graceamsterdam54043 ай бұрын
I enjoyed this interview, thank you gentlemen. Always interesting to look at topics from different views, times, geographics.
@kiwimikeb13 ай бұрын
Wow, impressed to see a fellow kiwi on your program. Good work, Don Brash in my view is a good man and knows his stuff.
@davisutton13 ай бұрын
He presided over the Mixed Capital Index (MCI) which combined the exchange rate and inflation to determine monetary policy settings. This proved to be a very crude tool and was later abandoned. That said, Brash seems to be a more honest and decent person than he was in his earlier days.
@jarekpiotrowski7423 ай бұрын
central banks have been a disaster for middle income citizens
@jamesscott14373 ай бұрын
Well done David for having this excellent guest on :-) I would watch another interview on Mr. Brash on your channel if you had him back. Great questions for him by the way, well done!
@geoffgjof3 ай бұрын
Wow. So it was just the result of a politician speaking before any strategy was thought up? 😬
@corneliuschristian65473 ай бұрын
Very interesting interview, thank you.
@mutantryeff3 ай бұрын
As long as how the inflation rate is calculated being a lie, does it matter?
@azdjedi3 ай бұрын
The CPI is always exactly what CNN tells you it is. Shhhhh....
@Richard-y5u3 ай бұрын
Because they need to devalue the debt and anything more than 2pc would freak people out, bad enough we lose 10 pc of our money every 5 years, inflation target should be zero.
@Steve-ho5zj3 ай бұрын
Excellent questions.
@mth4693 ай бұрын
We're in for a hell of a storm on the markets, judging by Daivd's hair. Hair-ologists are watching the situation closely.
@marcusaurelius60123 ай бұрын
Like you, l base my trading decisions and forecasting on the state of Dave's hair. Bit rough today, but other days, it's on point. AAA+ rated
@Dencell3 ай бұрын
Population growth is usually around 1.5% per year, and people are needed to produce stuff, so the economy usually grow at a similar pace. So increasing money supply at around the same rate will give you stable prices. But clearly central bankers are totally failing at this, because prices are rising at 7% or more per year whatever the CPLie might say.
@jbl63383 ай бұрын
Great guest! Have him on again!
@kenmoersen1283 ай бұрын
Great question, perfect timing for me. Thanks….. 1:36
@ShaniaSuperFan3 ай бұрын
Oh..... I thought it came from the same place as the 6' Rule, and had something to do with a pangolin and a bat having sex.
@Rawdiswar3 ай бұрын
Legit lol
@dumbfoundedagain3 ай бұрын
Thank you Mr Brash, I totally agree with everything you have said !
@PolicyFailureIsExpensive3 ай бұрын
"Would a zero percent devaluation be better for living conditions?" "Let me talk about some guy's name I forgot." Great answer.
@jaynawilliams89233 ай бұрын
Even 2% inflation is bad for WE, The People, because compounding.
@tow.JanWinnicki3 ай бұрын
Amazing story and well-presented. New Zealand was always an extremely progressive nation so this comes as no surprise to me. Serwus!
@dumbfoundedagain3 ай бұрын
Fabulous interview thankyou
@dumbfoundedagain3 ай бұрын
Mr Don Brash has some very solid insights and political views
@cocopuff70383 ай бұрын
It going to get worst in the US June 9 the agreement between Saudi oil pegging to the Fiat US Dollar ended GET YOU PHYSICAL GOLD AND SILVER NOW.
@AlexD-os8hw3 ай бұрын
If you steal 2 dollars out of your father's wallet every month, he won't notice. If you steal 20 dollars every month...
@lorishemlof26023 ай бұрын
We should ban fractional lending (or printing of money) for existing (second hand) housing to eliminate inflation. While increasing QE for house building to increase the supply of the leading determinant of general inflation (housing inflation).
@andrewking94353 ай бұрын
Money supply drives prices and CPI, not expectations! Amazing or maybe not so, that central bankers are not Austrians rather Keynsian
@dillonc19003 ай бұрын
Some Central bankers reached around behind themselves and pulled it out of their @$$. That's where it came from.
@faithsrvtrip87683 ай бұрын
😂
@1Bob4All3 ай бұрын
This gentleman's approach to Ukraine would suggest that a strong country could encourage some of its population to populate a neighboring country, near the border, and then use that population to justify their expansion to the loss of the weaker neighbor.
@1Bob4All3 ай бұрын
@@lowtech_1 Ukraine did not have weapons any closer to the border than Russia and they both had for decades. How would invading resolve the concerns? The invader moves the border and their neighbor is even more defensive.
@7minutosconlabiblia1453 ай бұрын
Thanks 🙏🏻
@2nostromo3 ай бұрын
I live in NZ. I've lived in the USA, Serbia and several other countries. Reserve Banks are nutz. NZ has the most unreal corrupt ideas about governing possible. Brash is full of crap and he is the closest to a conservative in this country. "We must manage Public expectations. They think they can control economies by lies and mushroom policies. Labor on the other hand used to stand for something in this country. Now we never hear about a budget or anything approaching responsible governing. Now we print money to keep the NZD at target levels inline with our USA masters. Now we have Co-Governance. Now we have Maori wards. INSANE. NZ is simply a superficially PC but Fonterra industrial complex. Look to NZ to see what USA will become... has become in effect
@2nostromo3 ай бұрын
Free Market Economy.... crazy? Yeah, just crazy enough it just might work.
@TB1M13 ай бұрын
At least US is more free market than NZ or Australia
@grantgoldberg16633 ай бұрын
They counterfeited money into oblivion. That's the origin.
@dilatedtime3 ай бұрын
Yea but why 0 to 2 !?!! Why such an arbitrary number/range!?!?!?
@Ali-ex4uk3 ай бұрын
Now I know how screwed all of us
@daxter79133 ай бұрын
😢 0:54
@andrewking94353 ай бұрын
Don Brash was involved ICBC a chinese bank in NZ ..along with other ex politicians being offered jobs by Chinese companies, so maybe conflict of interest in answering AUKUS question
@jeffreycheng59843 ай бұрын
"The Federal Reserve System is not Federal; it has no reserves, and is not even a system at all. But rather an international criminal syndicate."- Eustace Mullins.
@tyguy1043 ай бұрын
The derivatives David. I didn't even want to bring them up. I was hoping they would somehow just magically 'go away'. 1 quadrillion? Forget this 2% thing? 3-4% may be more tenable for them
@Ttemmah3 ай бұрын
Vp (giggles) poked the bear. Look what she did.
@cjmuniz123 ай бұрын
LMAO, the reason for the 2% rate is because that’s how much gold can be brought out of the ground each year. Gold is real money, everything else is trash
@geoffgjof3 ай бұрын
Before I watch the video, I'm guessing it's because 2% is roughly the amount of gold mined per year?
@davisutton13 ай бұрын
No. That presupposes some sort of proxy gold standard. The implication of what he says is that central banks operate on the assumption that CPI at 0 is an implicitly deflationary. Some economists have tried to put a number on the neutral rate and it appears to be somewhere between 0.7-1%.
@geoffgjof3 ай бұрын
@@davisutton1 I'm guessing you missed the part of my comment where I said I was making the comment before I watched the video 😂
@geoffgjof3 ай бұрын
@@davisutton1 And what he actually said is that they came up with the 2% number when a politician said the target was between 0 and 2. They only sought to justify the number later lmao
@chrischoir35943 ай бұрын
if the Fed is satisfied with 3% then that means short rates will stay at 3.5% -4% forever so be careful what you wish for
@CarlosOjeda-ig3zw3 ай бұрын
View Argentina inflation 😊❤
@azdjedi3 ай бұрын
17:00 So what you're telling me is that if we target 10% and ppl expect 10% then it will be 10%. So let's target negative 5% lol. But seriously, if expectations of 2% were actually what materialized in the economy then this podcast wouldn't even exist because it would be a recurring non-event that we always get 2% cos that's what everybody expects. But we don't get 2%, so obviously the notion that "public expectation drives inflation" is regarded.
@NikleshDhurve-md9zj3 ай бұрын
Converting 75 percent of my portfolio to Papexnova and 25 percent to Ethereum…
@dumbfoundedagain3 ай бұрын
Screw pillar 2
@MAHAKAL786-xd2pk3 ай бұрын
Buy Papexnova now! The bull run is not ending no time soon!
@poransingh65563 ай бұрын
I am comitted with Papexnova and a bit of XRP, too much potential
@shammuk023 ай бұрын
Inflation makes debt cheaper so the Govt actually needs it to be high to pay its debts
@2nostromo3 ай бұрын
Blaming NATO for countries wanting to join NATO is the most egregious example of pretzel logic. Russia took Ossetia from Georgia... cripes look at the list of Russia's neighbors that Putin has invaded. Brash is so wrong as are so many people who buy Russian propaganda. Please think for yourselves. I say Russia must lose this war with Ukraine and fighting for Taiwan is simple right vs. wrong and must succeed.
@Scorch4283 ай бұрын
It comes from printing money duh.
@sufianaldib94693 ай бұрын
Islam fights both inflation and poverty "Allah condemns exploitation, and He blesses charities. Allah does not love any disbelieving sinner." Quran 2:276 Islam brings peace and mercy to society
@NirmalNirmal-o1n3 ай бұрын
Papexnova to the moon!!! Run with us or Run from us
@sukkhurambind63443 ай бұрын
Papexnova will provide the most multipliers out of all of these crypto, followed by Bnb if they don’t dilute too much
@UjjvlUjjvl3 ай бұрын
Papexnova has everything required to be a Top 30 MC project. Probably the most potential in all of crypto.
@TarikSammour3 ай бұрын
Bitcoin is the only solution to this madness.
@yawzerdoink-a-sore-as81593 ай бұрын
David, you need a haircut 😂
@Tim297373 ай бұрын
So the paps is a commie, i got it right?
@fillmorehillmore82393 ай бұрын
You misunderstand a Central bank that is independent vs a CB that has a target that government dictates. PEOPLE vote in their governments so a CB that follows the elected has more representation than a separate entity that rules over the citizenry.
@Tim297373 ай бұрын
@@fillmorehillmore8239 why cant just people elect cb positions then?
@fillmorehillmore82393 ай бұрын
@@Tim29737 No idea. Im not promoting one vs the other, just saying that (from my understanding) that their actions in this situation are independent, but the target rate to get there is set by government. I really dont like CB in any form.
@DenisDeCharmoy-fl3ht3 ай бұрын
How many people have the time on their hands to watch more than 15 minutes on 1 KZbin Channel. Most people have more than 20 channels to watch daily which is 5 hours daily. Shorten. Your video's. Thanks Shalom
@xmonikerhotmailcom3 ай бұрын
I watch while I work out. Get your exercise routine together bro.
@geoffgjof3 ай бұрын
Completely disagree. I get way more useful information in the long form videos than the short ones.
@xrpnewzealand17783 ай бұрын
Just put it on 2x speed to get through them all. 😂
@TheKietNguyen-dy1dz3 ай бұрын
Uncle Putin are my country hero we respect Mr Putin
@dumbfoundedagain3 ай бұрын
AUKUS is a terrible idea !
@deathlarsen75023 ай бұрын
it should be decided by the FREE MARKET - NOT politician's or nebbish central bankers