government debt
This paper demonstrates the truism that for every financial liability is matched by an asset. A fiscal deficit creates a liability of the government. Somewhere outside government – somewhere in the private sector – there is a private asset matching this public liability.
Read MoreJust because you and I need to save more, who says the government needs to do the same? With cheap money around, how about we turn this whole austerity kick on its head and start talking about growth?
Read MoreBill English's third Budget has laid foundations. For a couple of short-term goals, in particular. But what's the point if those foundations are being undermined even as they are laid?
Read MoreSo, a record deficit huh? The scene is being painted for a chop-chop Budget, but is our public debt really that bad? Let's take a look at our history...
Read MoreThe earthquake will ask some tough questions of all politicians this year - What will they cut? How much can they borrow? Either way, the government's austerity plans are on hold
Read MoreJohn Key wants to cut taxes, maintain spending and not saddle future generations with debt. But no country can cut its revenue and increase expenditure at the same time, so conflicted Key faces a hard choice
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