Post by John Bowes
Not according to Bernard Hickey!
Seems they're just making the rich richer and ignoring the suffering of those in poverty Rich!
According to Richbot doing this is equivalent to defaulting on foreign
At least that was his opinion on this NG when I mentioned "The deficit
myth : modern monetary theory and how to build a better economy" by
Author Stephanie Kelton. That wa Richbot's ignorant, uninformed reply,
after I suggested that because NZ has a sovereign currency, printing
money was the easy choice for strategic infrastructure investments.
Obviously this is the Lieboor party line, and the next step is a return
to government Austerity. Budgets for this term will pass all govt new
spending onto employers ( paid sick leave, new stat holidays )
ratepayers ( cleaning up waterways and "green-washing" ), and of course
user-payers for everything ( MIQ, health and education, energy costs..
.............) Austerity, austerity; kill the economy off to get the