Anyone at all in the NZ news round-up pointing out the Nat/ACT government plan to cut spending until the economy improves is entirely backwards? Government deficits add to non-government sector savings $ for $. To get full employment the government could try to reduce taxes on the lowest income households, or better just increase spending by hiring all the unemployed — doesn't even matter if that's proverbially "digging ditches to fill them in again" but of course there are a million socially useful things useful people could be doing. The government is not competing on wage price with the private sector for people already unemployed, so it'd not be inflationary.
Even when the automatic stabilizers kick-in and the NZ government deficit then goes up (applying large numbers of virtual eggs to Tory faces) and the economy "improves" neither brand of neoliberals is going to acknowledge the sectoral balance identity means their policies are completely backwards. But I'd prefer those ones who at least pay lip service to matters of ecological sustainability. Beggars finding it hard to have choices and all.
You academic polecon nerds need to wake up and realize that just because improving economics correlates with rising government deficit (and the end of the cycle, getting causation arrows right) does not mean we in fact have the healthiest possible economy. Whenever there is involuntary unemployment we are operating below optimum. We can also always have — give productivity gains — more people working, each working fewer hours a day, each with higher wages. Where is that in any of your neoliberal's policy options or comprehension? Where is it a=in any of the se news round-ups?
Anyone at all in the NZ news round-up pointing out the Nat/ACT government plan to cut spending until the economy improves is entirely backwards? Government deficits add to non-government sector savings $ for $. To get full employment the government could try to reduce taxes on the lowest income households, or better just increase spending by hiring all the unemployed — doesn't even matter if that's proverbially "digging ditches to fill them in again" but of course there are a million socially useful things useful people could be doing. The government is not competing on wage price with the private sector for people already unemployed, so it'd not be inflationary.
Even when the automatic stabilizers kick-in and the NZ government deficit then goes up (applying large numbers of virtual eggs to Tory faces) and the economy "improves" neither brand of neoliberals is going to acknowledge the sectoral balance identity means their policies are completely backwards. But I'd prefer those ones who at least pay lip service to matters of ecological sustainability. Beggars finding it hard to have choices and all.
You academic polecon nerds need to wake up and realize that just because improving economics correlates with rising government deficit (and the end of the cycle, getting causation arrows right) does not mean we in fact have the healthiest possible economy. Whenever there is involuntary unemployment we are operating below optimum. We can also always have — give productivity gains — more people working, each working fewer hours a day, each with higher wages. Where is that in any of your neoliberal's policy options or comprehension? Where is it a=in any of the se news round-ups?