New Zealand Central Banker Says Quiet Part Out Loud: ‘It’s A ...- Jellyfish.NEWS

New Zealand Central Banker Says Quiet Part Out Loud: ‘It’s A Great Business To Be In, Where You Print Money And People Believe It’

The rest of the room laughed.

thewinepress.substack.com

The rest of the room laughed.

By The WinePress

A banker at the New Zealand Reserve Bank (NZRB) joked about what modern central banking is really all about. On February 12th, 2024, during a parliamentary committee meeting, NZRB Governor Adrian Orr cracked a joke about the modern central banking system, which was met with laughter.

“We actually fund ourselves and then decide what dividends to pay.

“It’s a great business to be in, central banking, where you print money and people believe it.”

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