So with my own thinking out of the way in my two posts below (thanks for listening), how about you add your own suggestions in the comments – suggestions both small and large.
Let me start you off with George Reisman’s solution, which looks at the larger picture:
- Economic recovery requires capital accumulation, not government "stimulus" packages, Part 1
- Economic recovery requires capital accumulation, not government "stimulus" packages, Part 2
Or, looking at the smaller picture:
- Instead of meeting friends out for drinks and then dining at expensive restaurants, why not keep your friends and even the lifestyle, but without all the expense. Why not keep an eye on all the Happy Hour deals in your neighbourhood, and when you go drinking go drinking at those times. And then instead of eating out, why not learn to cook well and have your mates around for a dinner party at home – and even invite your friends to bring a dish each. You can eat and drink for longer, and cheaper, and you don’t even have to drive home.
So what else have you got? I’ll post the best ideas here on the front page (and don’t worry if you’re repeating something someone’s already said. The best ideas can always bear repeating.)
- In the current economic climate, it would obviously be insane to introduce new costs to business through either an Emissions Trading Scam or a Carbon Tax. So it’s bound to be a certainty, then.
UPDATE 2: My colleague Dr Richard McGrath says,
On the morning of the government’s “Jobs Summit”, Libertarianz leader Richard McGrath released his party’s suggestions on how the New Zealand economy could create more jobs, not just this year, but on a permanent basis.
“The best possible thing that could be done for the New Zealand economy would be to adopt all of our policies,” said Dr McGrath. These policies are set out on the party website at www.lp.org.nz.
That would naturally something to shoot for in the long term. In the meantime, Richard proffers several damn fine suggestions that can be effect now to keep New Zealand afloat in the crisis.
These initiatives are presented in support of a guiding principle: “New Zealand – Open For Business”.
Read it all here.