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Letter to the government from economists - harm_less - 21-11-2024
This article has now been made available to non-subscribers. Garnesh Nana interviewed on the content of the letter presented to parliament today.
https://thekaka.substack.com/p/these-budget-cuts-are-counter-productive
RE: Letter to the government from economists - zqwerty - 22-11-2024
Yes it is what happens when a lo-level businessman takes over the running of an entire country.
His vision is truncated into seeing the economy from the inside out rather than the outside in.
Not realizing that Austerity measures are the last thing required, this is a tactic employed by small businesses to get themselves on target in a tight economy and will not work for the economy in general.
In summation, we've got the wrong man for the job, and old school hard liner who wants to go back to the last century.
RE: Letter to the government from economists - king1 - 22-11-2024
you learn in first year economics classes that governments should money in recessions, on infrastructure projects and the like, to keep the economy ticking over - as against the current approach of cutting the guts out of a barely recovering economy.
Given Nationals criticism of the economists in question, I think they would actually find it difficult to find a single economist who would agree with the timing of their austerity measures
RE: Letter to the government from economists - harm_less - 22-11-2024
(22-11-2024, 06:04 AM)zqwerty Wrote: Yes it is what happens when a lo-level businessman takes over the running of an entire country.
His vision is truncated into seeing the economy from the inside out rather than the outside in.
Not realizing that Austerity measures are the last thing required, this is a tactic employed by small businesses to get themselves on target in a tight economy and will not work for the economy in general.
In summation, we've got the wrong man for the job, and old school hard liner who wants to go back to the last century.
As Matthew Hooton's opinion piece in today's Herald so accurately states, Luxon is out of his depth and inept as PM. (RemovePaywall.com if required).
It was widely feared prior to the formation of the coalition that Luxon's shallow political skills would be overwhelmed by two co-leaders who had far more political experience and agendas beyond what was initially clear, and this has proved to be the case. FIGJAM Luxon (as he was known during his Air NZ position) is being led by the nose by both Seymour and Peters who know all too well that their jumping ship on the coalition will be politically fatal for National, and increasingly so as the Treaty and other issues deepen.
RE: Letter to the government from economists - Oh_hunnihunni - 22-11-2024
By the nose? When the tail is wagging the dog I would suggest the arse is getting all the attention.
But it won't change. Because none of these blokes and blokesses are the tiniest bit interested in listening. That skill is not in their toolkit.
RE: Letter to the government from economists - Lilith7 - 22-11-2024
This govt is not in the slightest bit interested in the effect on ordinary Kwis their policies may have. They simply do not care.
If their policies were to have an unwanted effect on wealthy people though, that of course would be entirely different.
RE: Letter to the government from economists - Olive - 22-11-2024
(22-11-2024, 08:24 AM)harm_less Wrote:(22-11-2024, 06:04 AM)zqwerty Wrote: Yes it is what happens when a lo-level businessman takes over the running of an entire country.
His vision is truncated into seeing the economy from the inside out rather than the outside in.
Not realizing that Austerity measures are the last thing required, this is a tactic employed by small businesses to get themselves on target in a tight economy and will not work for the economy in general.
In summation, we've got the wrong man for the job, and old school hard liner who wants to go back to the last century.
As Matthew Hooton's opinion piece in today's Herald so accurately states, Luxon is out of his depth and inept as PM. (RemovePaywall.com if required).
It was widely feared prior to the formation of the coalition that Luxon's shallow political skills would be overwhelmed by two co-leaders who had far more political experience and agendas beyond what was initially clear, and this has proved to be the case. FIGJAM Luxon (as he was known during his Air NZ position) is being led by the nose by both Seymour and Peters who know all too well that their jumping ship on the coalition will be politically fatal for National, and increasingly so as the Treaty and other issues deepen.
I don't generally have much time for Hooton, but he does know how to turn a phrase: "Luxon’s language is often derided as business-speak, but no genuine businessperson uses so much corporate twaddle.
His language more resembles a cheap self-help book."