Economic growth and controls
Sir, — There will be no health in New Zealand politics until the voters pay more attention to ideas and less to mindless media publicity. The fact that real economic growth in 1984 was 7.6 per cent, “probably the highest rate in 30 years”, casts an interesting light on the muddled economic thinking of most politicians. This growth was achieved with the aid of the controls of the wage-price freeze along with the higher deficit that helped people to accept those controls. Yet the Labour and New Zealand Parties and the National Party under its new leader, all try to tell us that economic salvation is to be found in getting rid of controls. Their ideas are uninfluenced by results. They are profoundly antiscientific. All that their unsound dogmas really promise is a future of increasing slavery to moneylenders. Under Labour’s policies unemployment will soon begin to rise again. — Yours, etc., MARK D. SADLER. May 27, 1985.
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Press, 30 May 1985, Page 12
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160Economic growth and controls Press, 30 May 1985, Page 12
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