# The Reserve Bank of #NewZealand ( #RBNZ ) was the first #centralbank in the world to introduce #inflation targeting, implementing an #inflation target of 0%-2% in 1989. #DonBrash was the former governor of the #RBNZ during this time, and discusses why this policy was introduced, and its impact on central banks' monetary policies around the world.
**Ex-Central Bank Chief Created Inflation Targeting, Reveals Why | Don Brash**
The inflation rate they use, say #CPI, which is a mythical basket of goods that are not what real people buy, is a fake. The currency printing at 7% a year for the #US #dollar and worse for weaker currencies is the real inflation rate.
https://invidious.drgns.space/videoplayback?expire=1718016023&ei=t4NmZuG0BeSJkucP2vSDyAs&ip=2603%3A3005%3A6cf6%3A8100%3Aa99a%3Aa1eb%3A1345%3Aa79a&id=o-ADRC-bZ80VThDQ4m9pmgnT2IkYYyWJn-Wyckq424ORGS&itag=22&source=youtube&requiressl=yes&xpc=EgVo2aDSNQ%3D%3D&mh=S7&mm=31%2C29&mn=sn-jvhj5nu-cvnr%2Csn-ab5l6nk6&ms=au%2Crdu&mv=m&mvi=3&pl=43&initcwndbps=1193750&vprv=1&svpuc=1&mime=video%2Fmp4&rqh=1&cnr=14&ratebypass=yes&dur=2457.460&lmt=1717984438140532&mt=1717994198&fvip=5&c=ANDROID_TESTSUITE&txp=3308224&sparams=expire%2Cei%2Cip%2Cid%2Citag%2Csource%2Crequiressl%2Cxpc%2Cvprv%2Csvpuc%2Cmime%2Crqh%2Ccnr%2Cratebypass%2Cdur%2Clmt&sig=AJfQdSswRgIhAPBgCng6whFeJIfvRaTmlRweQllemgG321K44JMJ6vIOAiEA9hnbF-4qdFXcq69_Tt3K71CU9MSApEd9aI-wL3m8As8%3D&lsparams=mh%2Cmm%2Cmn%2Cms%2Cmv%2Cmvi%2Cpl%2Cinitcwndbps&lsig=AHlkHjAwRQIhAPz9wLpqzIsdctwNIvY0B-R2MZ8PtoKu_C9G3rsjr0zZAiAYyAY7RDhiIaqhXy_ZrjEfsE03IDs-fpvh4R5OlZqgiA%3D%3D&host=rr3---sn-jvhj5nu-cvnr.googlevideo.com&title=Where%20Did%202%25%20Inflation%20Target%20Come%20From%3F%20Ex-Central%20Bank%20Chief%20Explains%20Origins%20%7C%20Don%20Brash-6aOMFME5h3c.mp4
https://youtu.be/6aOMFME5h3c
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