I was going to attempt to articulate today where I agreed and disagreed with both the New Zealand Initiative’s Bryce Wilkinson and Social Credit on money, banking, fiscal policy etc (Social Credit having taken out a half page advert in Saturday’s Herald to attempt to rebut Bryce’s recent Herald op-ed, itself drawing on a longer recent Initiative publication). Perhaps tomorrow.
But in this morning’s papers I saw reference to a new plan (and/or critique of other plans) for policy in responding to the economic challenges of Covid, under the joint authorship of former Minister of Finance Roger Douglas and Auckland University economics professor Robert MacCulloch. MacCulloch kindly sent me a copy of the ten page underlying paper which goes under the title “In a New World, New Thinking is Required: Why Prioritization of Resources is Crucial to New Zealand’s Economic Recovery in the Wake of Covid-19”. MacCulloch’s Herald op-ed…
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