Economics
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The Minister of Finance says it is but, parochialism aside, are we doing anything to ensure it really is?
The tensions between different approaches to the economy are surfacing as the election nears.
Pragmatic analysis says maybe we should, but we should also consider nationalisation. We should certainly consider better regulation.
The pressure to globalise is consolidating towards a global world in which the US is a marginal player.
We should follow the Golden Rule of Fiscal Management and not borrow for consumption in the medium run.
Queen Elizabeth II famously asked about the 2008 Global Financial Crisis, ‘Why did no one see it coming?’
This review of ‘Conversations about our country with Jim Bolger’ by David Cohen was first published in the ‘NZ International Review’ .
Our current fiscal settings promise that we will eventually face a public debt explosion. A major cause would arise from the aging population. Is there anything we can do?
How we connect economically with the world is critical.