Tuesday 12 February 2019

"I read the Prime Minister’s economics speech yesterday. I wasn’t impressed. She continues to perpetuate what are little more than lies." #QotD


"I read the Prime Minister’s economics speech yesterday. I wasn’t impressed. There is simply no sign that she cares one jot about New Zealand’s decades of underperformance or that she has any sort of analytical framework (herself or from her advisers) for even thinking about the issue. It may be repetitious to say so – as a reader this week suggested – but the utter un-seriousness about our ongoing relative decline really matters; perhaps not directly or much for many people my age or older, but for our kids, and their future kids. Including for the question of whether the next generations even stay, rather than joining the million or so New Zealanders (net) who’ve left over recent decades.
  "She continues to perpetuate what are little more than lies: 
      “'…on key economic measures the Government is delivering.' 
 "That would be the economy with no productivity growth, with foreign trade flat or falling as a share of GDP, and with houses that are increasingly unaffordable to younger generations. Some delivery."
          ~ Michael Reddell, from his post on 'The PM's Economic Plan'

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