The economy
Sir, — I have read what is available to the general public of the O.E.C.D. report on New Zealand. The cures which this organisation has suggested are largely contradictory. New Zealand is full of experts on every imaginable subject, so let me join the gang. For our economists to suggest that u 3 farmers want devaluation is, in my opinion, false. No farmer wants to pay more tax on an increased weak dollar income. Expensive farm implements and fertiliser have to be imported on overseas currency and local labour, especially the freezing workers (whose slice of the cake is far too large anyway), would clamour for wage increases because of the lower purchasing power. The person who has saved money for retirement would be legally robbed as he has been for some time. Some of the solutions are in our own hands. Greed, and our social and moral standards are deplorable. The politicians have not set a good example either. The transport system is in chaos. Our resources are being frittered away or sold to a country which has little respect for us. — Yours, etc.,
A. HYNDMAN. January 19, 1979.
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Press, 22 January 1979, Page 14
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191The economy Press, 22 January 1979, Page 14
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