More 'trade deficit' nonsense
The Greens' Frog Blog croaks that NZ's latest trade deficit figure of $1.9 billion for the quarter shows New Zealanders are buying too much imported consumer stuff on too many lines of credit. "Using one of those ‘bringing it down to a scale you can comprehend’ metaphors," says Frog, "means that you owe someone overseas $475 dollars for the stuff you bought this year."
They are a profoundly important means of preventing problems. What will cause a problem is allowing wreckers, devoid of serious knowledge of economics, to “fix” things.D'you think he's talking about the likes of the Greens?