No more excuses, please.
(Abridged)
Margaret Murray-Benge
Western Bay of Plenty District councillor
Value of money
Bryan Gould wants the Government to print more money so that all the necessary infrastructure projects could be finished quicker (Opinion, February 11).
However, I think that the value of our money is determined by all the assets that we as a country posses.
Say for instance our total assets are $100 billion, the value of our dollar would be based on that.
If the Government decides to print another $10 billion, would that not result in a 10 per cent inflation?
If the Government needed more money it could also issue government bonds, which would not cause inflation in my opinion.
Douwe Visser
Rotorua
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