Oddbean new post about login | logout Also, as Winston points out in this debate (even a stopped clock is right twice a day), even if the NatACTs were successful in taking an axe to government spending, the most likely result would be to throw the economy into a depression. All to supposedly help with an inflation spike that a) has nothing to do with government spending and b) had already peaked and started dropping by April: https://www.treasury.govt.nz/sites/default/files/2023-05/feu-28apr23.pdf These are the better managers of the economy ?!? (3/3)
@58db300d National have *never* been "better economic stewards" like they always try to argue. The economy is going to (by-and-large) do what it always does and governments can potter around the edges. The goal for Nats is to _sell the story_ that they're more qualified because it's the brain cycles spent on the talking points that matter. The attention economy doesn't have time for critical thinking.
@68e791ae > The economy is going to (by-and-large) do what it always does and governments can potter around the edges That's not true either. Gordon Campbell did a piece a few months back quoting figures showing that the economy has consistently been healthier at the end of a Labour-led govt than at the end of National-led one. It could just be a hell of a confidence, but...
@68e791ae > The economy is going to (by-and-large) do what it always does and governments can potter around the edges That's not true either. Gordon Campbell did a piece a few months back quoting figures showing that the economy has consistently been healthier at the end of a Labour-led govt than at the end of National-led one. It could just be a hell of a confidence, but...
@68e791ae ... it's not hard to see why it would be that way. Economic activity is, by definition, money moving via transactions. Nat govts move money from the majority to the wealthy ("trickle-down"), who hoard it. Labour govts move money from the wealthy to the majority, who spend it, producing economic activity ("inside-out", to borrow Nick Hanauer's phrase). Not only does more economic activity look better on paper, it also facilitates real works work getting done, infrastructure created etc.
Intriguing to see the Marama, Debbie and Winston agree on not raising the retirement age, while David makes a bean counter's argument for raising it. Ignoring that a far smaller proportion of Māori even make it to 65, and a disturbingly high number of our elders are already living in poverty. (1/2)