“Monetary Policy and the Free-Market Economy”

“Let me say first that I believe in the benefits conferred by the free market as strongly as anybody in this country: nobody, anywhere, has yet devised a way of organising economic activity which comes close to the free market as a way of efficiently producing the goods and services which people want. So what…

“Let me say first that I believe in the benefits conferred by the free market as strongly as anybody in this country: nobody, anywhere, has yet devised a way of organising economic activity which comes close to the free market as a way of efficiently producing the goods and services which people want.

So what are the critics saying and why do I disagree with them? It is not always quite clear what the critics are saying, and they don’t all speak with one voice of course.” Read more.

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Donald T. Brash
And address by the Governor of the Reserve Bank of New Zealand to the Auckland Manufacturers’ Association
February 2, 1996


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