A group of economists have written to Nicola Willis complaining about the modest fiscal restraint imposed on the public sector. Grant Robertson grew government expenditure by $76 billion/year or a massive 7.6% of GDP, leaving NZ with a structural deficit. Many were champions of his policies or worked for him, and now they complain his successor is not going to carry on a policy of spend and borrow.
Chris Bishop had the best response, being:
Nicola Willis is currently in Antarctica, I suspect there is a greater chance of her taking advice from a penguin rather than three hand-picked economists who used to work for Grant Robertson
We had their policies for six years. It was a disaster that left us with a structural deficit, more debt, worse public services, a recession and high inflation.
David Farrar runs Curia Market Research, a specialist opinion polling and research agency, and the popular Kiwiblog where this article was sourced. He previously worked in the Parliament for eight years, serving two National Party Prime Ministers and three Opposition Leaders.
2 comments:
Willis in Antarctica, she could get some advice from penguins.
Penguins can be very smart, why else would they stay down south rather than up here enjoying all the BS, racist, financial and political crap the rest of do.
It's a matter of woke economists thinking they are just as important as the woke KCs so they need to write a letter as well. I notice that almost all are academics and most are foreigners.
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