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Comments on: More “insightful” analysis from the Job summit … http://www.tvhe.co.nz/2009/02/27/more-insightful-analysis-from-the-job-summit/ The Visible Hand in Economics Fri, 27 Feb 2009 00:39:30 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: Matt Nolan http://www.tvhe.co.nz/2009/02/27/more-insightful-analysis-from-the-job-summit/#comment-16782 Fri, 27 Feb 2009 00:39:30 +0000 http://www.tvhe.co.nz/?p=3018#comment-16782 “Bizarre basis for policy change in an economic crisis when all around him are crying austerity.”

Agreed.

“We are not a planned economy. Does anyone really think that can seriously and long term alter market fundamentals and their outcomes?”

Agreed very much 🙂

]]> By: insider http://www.tvhe.co.nz/2009/02/27/more-insightful-analysis-from-the-job-summit/#comment-16779 Thu, 26 Feb 2009 23:55:12 +0000 http://www.tvhe.co.nz/?p=3018#comment-16779 Just on Gerry, in his speech last week he said that he didn’t think the $120m saved on transmission projects by regulatory oversight was worth it because it was “only” 5.9%. In other words he is happy for us to be overcharged and for a monopoly to effectively be given blank cheque writing powers. Bizarre basis for policy change in an economic crisis when all around him are crying austerity.

But back on topic. We’ve had these summits before – growth and innovation, knowledge wave -they all become a blur. I am certain they achieve nothing – may even be more costly than nothing. We are not a planned economy. Does anyone really think that can seriously and long term alter market fundamentals and their outcomes? If they could, we would have summits eery week and all be as rich as croesus.

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