The NAIRU framework uses unemployed as inflation buffer. Job guarantee alternative: employed buffer stock doing public work at fixed wage. Same inflation control, no unemployment. Current policy isn't economic necessity - it's a choice that disciplines labour to protect capital.

RBNZ has one tool to control inflation: OCR crushes demand by destroying jobs. The Government has many tools (supply-side policy, price controls, investment) but won't use them - that would admit government can act. 50,000 lose jobs while the government dodges responsibility.

The point is we could have funded it ourselves (Govt spending) without the $180m annual payment to 'investors' under the PPP. That's the rort.

Great benefits, what about the costs? - Greater Auckland Big infrastructure projects are great if you only count the benefits and none of the costs. That seems to be the position of infrastructure lobby group Infrastructure NZ, based on

"I don’t know about you, but paying $180 million a year for a project that delivers an annual $63 million (or $79 million) in benefits doesn’t sound like a very good deal."

Today's post: Matt does the numbers on last week's report from Infrastructure NZ: www.greaterauckland.org.nz/2025/09/22/g...

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If I could just summarize 1 sentence from the new National Academy of Sciences study on climate, boldface, flashing red, it would be:

"the evidence for current and future harm to human health and welfare created by human-caused GHGs is beyond scientific dispute."

BEYOND SCIENTIFIC DISPUTE
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@bernardchickey.bsky.social more of this please.

Lol, wait until they stumble on the thousands of computers that the commercial banks use to create money out of nothing 🤯