Parliament

Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search

 

Parker in Wonderland wishes impossible things at breakfast

Parker in Wonderland wishes impossible things at breakfast

Press Release: ACT New Zealand
April 29, 2014, 12:20pm

“By announcing that they will meddle in monetary policy, Labour have broken a 25 year consensus that even Helen Clark did not threaten," said ACT leader Jamie Whyte.

“The proposal is unworkable, economically and politically. Asking the Reserve Bank to pursue conflicting objectives threatens the stability of the New Zealand economy.

“Economically, monetary policy can target stable prices, or some other objective. Loosening monetary policy to improve the current account deficit directly contradicts the goal of tightening it to control inflation. Mr Parker needs to explain which is more important because he can’t have it both ways.

“Politically, the Reserve Bank would be asking the government of the day to effectively raise taxes. Increased Kiwisaver contributions could take thousands of dollars per year out of family budgets. This is politically naïve.

“By trying to move the value of the dollar, the Reserve Bank will add its own element of currency instability and invite counter speculation by currency traders and hedge funds. It is a dangerous game for a small central bank to play.

“The only thing that truly matters in the New Zealand economy, like any other, is productivity growth.

"Meddling with the money supply is not only a distraction from the real goal, it will add instability and make this higher productivity and higher living standards more difficult to achieve.”

ENDS

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On The Fallout From The Barclay Tape

This is hardly a case of cleaning out your desk and being turfed out onto the pavement.

As others have pointed out, the disgraced Clutha-Southland MP will remain on the public payroll for three months until the election, and for three months afterwards. More>>

 

Ombudsman: Canterbury Schools Reorganisation Mishandled

An investigation into the Canterbury schools reorganisation after the February 2011 earthquakes has found significant gaps and flaws in the Ministry’s engagement and communications with schools and communities. More>>

ALSO:

Law Commission: Contempt Report "Protects Right To Fair Trial"

The proposed Act limits what news media representatives and bloggers can report on court proceedings, but it also makes clearer than the current law where the line is between contempt and freedom of expression. More>>

ALSO:

Gordon Campbell: On Our Refugee Intake (And Uber’s Woes)

On figures released this week, there are currently 65.6 million people worldwide who have been displaced from their homes by war, famine or other external causes… More>>

ALSO:

IGIS Report: GCSB Support For Groser WTO Bid Not Illegal

“The inquiry has found that the GCSB did not act unlawfully or improperly in providing assistance to the New Zealand government campaign”, Ms Gwyn said. More>>

ALSO:

PM's Press Conference: Pike And Houses

There were questions on Pike River mine re-entry after new video from inside the drift was released over the weekend. English maintained a human effort would not be feasible irrespective of any future coalition demands from NZ First. He said the government would continue to work with families on non-manned re-entry. More>>

ALSO:

Flogging A Dead Horse: NZ First Seeks New s59 Referendum

10 years on from the so called “anti-smacking” law - NZ First calls for a binding referendum. NZ First MP Tracey Martin told TVNZ’s Q+A programme that the law change has had a “chilling effect” on NZ parents including herself. More>>

ALSO:

Always Interesting: Internet Party Has New Leader

The Internet Party has a new leader: Suzie Dawson... She currently resides in Moscow, Russia, where she has applied for temporary asylum due to severe persecution she reports being subjected to by those whose corruption she worked to expose.More>>

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

Featured InfoPages

Opening the Election
 
 
 
  • PublicAddress
  • Pundit
  • Kiwiblog