Isn't it time our disgraced Finance Minister - who self-declared NZ's "world-beating" Covid health outcomes would go hand-in-hand with world-beating economic outcomes - takes responsibility & resigns? Isn't it time the Reserve Bank Governor resigns for printing $50 billion unnecessarily, causing inflation & then forcing NZ unnecessarily into recession? Will the whole sorry bunch of them keep blaming Putin & flooding for their failures? If it was all down to Putin, why is the entire world projected to outperform us in 2024? Weren't others impacted by Ukraine similarly? Of course they weren't. The impact of that war on NZ was less, since most of our energy is hydro & we import no food from Ukraine.
The PM doesn't add up. The Finance Minister won't add up. The Reserve Bank can't add up. They've gone and bust an amazing country. A lot of work now needs to be done to fix it.
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Professor Robert MacCulloch holds the Matthew S. Abel Chair of Macroeconomics at Auckland University. He has previously worked at the Reserve Bank, Oxford University, and the London School of Economics. He runs the blog Down to Earth Kiwi from where this article was sourced.