Deregulation ‘gone too far’
Wellington reporter
Economic deregulation has gone too far, according to the former Prime Minister and Minister of Finance, Sir Robert Muldoon.
He told a public meeting in Auckland that the new issue was not deregulation but “reregulation.” New Zealand’s present economic policies were of as much interest to opinion-leaders overseas as would be a discussion on different forms of harness for horses pulling a dray. New Zealand had to join the rest of the world and revert to a managed
float of its dollar, Sir Robert said. If it continued to run free the economy would reach a level which was not natural but rather one that was caused by protectionist policies and other matters in the economies of New Zealand’s trading partners.
New Zealand could build up its economic strength again and give its people a higher standard of living, he said. This could be by managing its economy, playing to its strengths, negotiating with its trading partners, and rejoining the defensive alliance of the free world.
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Press, 25 August 1986, Page 7
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172Deregulation ‘gone too far’ Press, 25 August 1986, Page 7
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