“The Government’s new legislation directing the Reserve Bank to focus on employment in monetary policy decision making ignores the very simple fact that printing money doesn’t create jobs”, says ACT Leader David Seymour.
“Monetary policy doesn’t affect employment in the long-term.
“Jobs are created when we have a world-class education system, a flexible labour market, and a sound welfare system. None of these things are related to monetary policy.
“If central banks were able to create