RT @OECD: "People should be at the centre of policies" - #ChampionMayors commit to #Seoul Implementation Agenda https://t.co/7OUNmAZCON (PD…
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@GaneshAhirao You are right - courage to confront the doomsayers is key.
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@GaneshAhirao @NZMorningReport Worries always overblown - take currency range over past year last days = nothing si… https://t.co/7SOCTB8oMR
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RT @stujanderson: Amazing how few understand this. Nothing suddenly happened to supply 20 yrs ago - but lenders did start dishing out 7 x e…
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RT @spexyone: Are you of a certain age ? https://t.co/lVlkwuH5jD
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RT @paulkrugman: Zombie ideas are claims that have been proved false but just keep shambling along. GOP tax plans are totally infested. A p…
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RT @HarvardBiz: Understanding the science of innovation could make all the difference in your ability to compete https://t.co/3r21BXPJKE
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https://t.co/iO6E5xPqQZ
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RT @TheMFGnetwork: Event Reminder 16/10 @bernardchickey workshop: Connection between Govt economic policies& manufacturers’ bottom line htt…
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RT @Adherium: Scott Fleming, Sr. Vice President at @Adherium accepting the award for Best Implementation of Digital Healthcare at the OBN A…
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7
SEP 12

Thinking Differently




http://www.interest.co.nz/opinion/61024/labours-finance-spokesman-david-parker-told-oecd-economist-nzs-monetary-policy-totally

Maybe we can ignore the current account deficit, maybe we can ignore the contraction of our export base, maybe we should ignore the lack of investment in the productive economy, maybe we should ignore the emphasis on asset speculation, maybe we should keep on doing what we do in the face of nearly everyone else throwing out the inflation targeting rule book.

Parker is at least thinking about the problem and talking to people who, at the very least, offer a perspective to balance the conviction that we are on the right track, a conclusion difficult to hold if you are an exporter. 

It’s a bit harder to ignore clear and present pain endured now for over a decade by exporters battling an overvalued exchange rate, when the economic framework hangs you dry you tend to ask why.  The losses inflicted on our tradeable sector by a policy frame work that ignore the currency, ignores private debt and the associated asset speculation will take decades to unwind, if it can be unwound.

Parker it seems is willing to think differently, we need that.
 


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