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Scoop Link: Wall Street Journal I/Vs John Key
These days, you have to travel far to find a national leader who is talking about market-based approaches to the global recession. All the way to the other side of the world.
"We don't tell New Zealanders we can stop the global recession, because we can't," says Prime Minister John Key, leaning forward in his armchair at his office in the Beehive, the executive wing of New Zealand's parliament. "What we do tell them is we can use this time to transform the economy to make us stronger so that when the world starts growing again we can be running faster than other countries we compete with."
That idea -- growing a nation out of recession by improving productivity -- puts Mr. Key and his conservative National Party at odds with Washington, Tokyo and Canberra.
Full Article:
New Zealand's Prime Minister John Key Takes
a Supply-Side Approach to the Global Recession -
WSJ.com
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