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Comments on: Think Big and the balance of payments http://www.tvhe.co.nz/2008/08/25/think-big-and-the-balance-of-payments/ The Visible Hand in Economics Sat, 06 Sep 2008 20:59:59 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: Personal Finances - K.i.s.s.ing your Checking and Credit Card Accounts http://www.tvhe.co.nz/2008/08/25/think-big-and-the-balance-of-payments/#comment-2241 Sat, 06 Sep 2008 20:59:59 +0000 http://tvhe.wordpress.com/?p=964#comment-2241 […] Think Big and the balance of payments […]

]]> By: [General] (Draggon7601) Re: New Series and other news · http://www.tvhe.co.nz/2008/08/25/think-big-and-the-balance-of-payments/#comment-2240 Thu, 28 Aug 2008 23:36:11 +0000 http://tvhe.wordpress.com/?p=964#comment-2240 […] News » News News Think Big and the balance of payments2008-08-28 18:36:03Do these other goods – leading to other goods – leading to a smaller improvement […]

]]> By: Matt Nolan http://www.tvhe.co.nz/2008/08/25/think-big-and-the-balance-of-payments/#comment-2239 Mon, 25 Aug 2008 20:16:31 +0000 http://tvhe.wordpress.com/?p=964#comment-2239 “So, in my partisan thinking, not only did the “Buy Kiwi Made” campaign cost the NZ taxpayer $6.3 million, if it was successful it may actually cost us a lot more ?”

Well this depends.

Another way to think about the “Buy Kiwi Made” campaign is to think of it is advertising. If the campaign increased the value people received from buying NZ products then it could have been beneficial – if it increased the cost of not buying NZ made then it hurt social happiness.

Sure the campaign was based on a false premise – but ultimately the important thing is whether telling people this game them $6.3m worth of value. I’m not sure that it did 🙂

]]> By: Matt Nolan http://www.tvhe.co.nz/2008/08/25/think-big-and-the-balance-of-payments/#comment-2238 Mon, 25 Aug 2008 20:02:34 +0000 http://tvhe.wordpress.com/?p=964#comment-2238 “(scold me if I’m wrong, or using the wrong terms!)”

Your terms are fine – I was just being pedantic 😉

“There’s also the fact as you allude to, that if we make more stuff, but the capital is owned overseas, we worsen the current account deficit”

Sort of – if domestic firms increase their profitability but are part owned overseas it will worsen the current account deficit, even though domestic welfare is higher.

With think big we were borrowing overseas to fund capital – this is actually equivalent to what you are saying here (except that more of the risk for the venture falls on us instead of the international community in this case).

]]> By: Bryan Spondre http://www.tvhe.co.nz/2008/08/25/think-big-and-the-balance-of-payments/#comment-2237 Mon, 25 Aug 2008 19:58:08 +0000 http://tvhe.wordpress.com/?p=964#comment-2237 So, in my partisan thinking, not only did the “Buy Kiwi Made” campaign cost the NZ taxpayer $6.3 million, if it was successful it may actually cost us a lot more ?

]]> By: Barack Obama http://www.tvhe.co.nz/2008/08/25/think-big-and-the-balance-of-payments/#comment-2236 Mon, 25 Aug 2008 13:32:36 +0000 http://tvhe.wordpress.com/?p=964#comment-2236 I think you should defend to the death their right to march, and then go down and meet them with baseball bats.WoodyAllenWoody Allen, in regard to the KKK

]]> By: georgedarroch http://www.tvhe.co.nz/2008/08/25/think-big-and-the-balance-of-payments/#comment-2235 Mon, 25 Aug 2008 11:33:26 +0000 http://tvhe.wordpress.com/?p=964#comment-2235 There’s also the fact as you allude to, that if we make more stuff, but the capital is owned overseas, we worsen the current account deficit.

(scold me if I’m wrong, or using the wrong terms!)

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