It is fair to say the country is not in a good place right now.
Job cuts dominate the headlines. A double-dip recession came true. Inflation is robbing us of our purchasing power.
Last week an IPSOS poll found that 60 percent of us think that New Zealand is in decline and 65 percent believe that the economy is rigged to benefit the rich and the powerful.
And when people bemoan our situation and wonder how we got here a common response is to blame the Labour Government and the Reserve Bank.
A common refrain is Robertson blew all the money so we can't afford to do anything now, even something as important as paying our police more so they don't quit or leave the country. You also hear that Labour caused a debt so large our children and their children will be paying for it for decades to come.
So I pricked up my ears last week when Mike Hosking talked to ASB economist Nick Tuffley about inflation and the economy in general.
Mike asked him how bad was our economy and he said pretty bad but still nowhere near what happened after the GFC.
To remind you, the GFC ended early in 2009 and John Key's government was in charge. To remedy the situation we borrowed, we opened up immigration and we went through austerity to a far greater degree than we're doing now. And it worked.
Need I remind you that within 5 years we were described as having a rock-star economy.
This is not to diminish the situation that we're in right now but it is to put a perspective on things.
But Nick was also asked why inflation and bad economic tidings were still happening here when other economies like the States, the UK and Australia are bouncing back. Economies with far greater debt and spending.
Tuffley essentially blamed our static productivity. He says considering we imported nearly 3 percent more population over the past 2 years our GDP should have raised, but it didn't.
We seem incapable of making more money per person year on year. And it's a problem that we've had ever since Ruth Richardson's Mother of all Budgets early in the 90s. And it's a problem that exists no matter the colour of the government.
It's something we need to look to ourselves for not something we can blame on the government.
And it relates to the comments that Christopher Luxon made overseas that angered some when he boasted that New Zealand is now open for business.
We've always been open for business. The real question is how much business are we open for?
See omnystudio.com/listener for privacy information.
Andrew Dickens: Auckland Transport is proof you can't control a CCO
Andrew Dickens: The new Government deal is Three Waters lite
Andrew Dickens: There's worry the Government cuts will go too far
Andrew Dickens: The media model is broken because of fear
Andrew Dickens: New Zealand knows the price of everything and the value of nothing
Andrew Dickens: Let's put SailGP on at an appropriate venue and move on
Andrew Dickens: Did the Government know that their pre-election promises were unaffordable?
Andrew Dickens: National's state of the nation address was blame game politics
Andrew Dickens: This weekend showed the Greens are fast becoming unelectable
Andrew Dickens: The Government has to learn perceptions stick
Andrew Dickens: Is this what we can expect for the next three years?
Andrew Dickens: There's big stones in the path to coalition
Andrew Dickens: Enjoy this respite from criticism of New Zealand, it won't last
Andrew Dickens: New Zealand is confused
Andrew Dickens: We've got an incompetent cohort of politicians
Andrew Dickens: National has abandoned their plans for social investment from 2017
Andrew Dickens: I don't know why National is so wedded to these tax cuts
Andrew Dickens: Luxon shoots himself in the foot, time and time again
Andrew Dickens: New Zealand needs smart leadership- but no one's offering
Create your
podcast in
minutes
It is Free
Jim & Bill (It‘s Another Day)
HauntingLive
Dr. Paul’s Worldviews
The Ben Shapiro Show
Morning Wire