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Comments on: Crampton, Walker on policy http://www.tvhe.co.nz/2009/03/13/crampton-walker-on-policy/ The Visible Hand in Economics Fri, 13 Mar 2009 03:47:12 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: Matt Nolan http://www.tvhe.co.nz/2009/03/13/crampton-walker-on-policy/#comment-17992 Fri, 13 Mar 2009 03:47:12 +0000 http://www.tvhe.co.nz/?p=3206#comment-17992 Hi Paul,

All very true.

I would take a third route though. Eric is happy they haven’t f’ed things up more while you are focused on good policy they could implement.

Personally, I am more irritated by the bad policy that has been implemented (even though it is “sort of” minor) than I am concerned about policy improvements. This difference on my part stems from expectations – I expected the government to do nothing, and so was disappointed by the “nine day working week”.

“And there really are times when Key looks far to Muldoonish for my taste”

Isn’t the nine-day working week a wage subsidy? Sounds like Muldoon to me 😉

Of course it is possible to justify a targeted wage subsidy – but you’ve got to have a damned good reason why alternate policies can’t be used!!!!

]]> By: Paul Walker http://www.tvhe.co.nz/2009/03/13/crampton-walker-on-policy/#comment-17988 Fri, 13 Mar 2009 01:38:27 +0000 http://www.tvhe.co.nz/?p=3206#comment-17988 My feeling is that the current government could have done some seriously good things in terms of reforming the economy – 1984 like stuff – and they haven’t. Eric’s right, however, in that what they have done could have been a lot worse and I guess we should be happy about that. But we have to hold these guys to a high standard and point out that there remains a lot to do. And there really are times when Key looks far to Muldoonish for my taste!!!

]]> By: Matt Nolan http://www.tvhe.co.nz/2009/03/13/crampton-walker-on-policy/#comment-17979 Thu, 12 Mar 2009 20:16:20 +0000 http://www.tvhe.co.nz/?p=3206#comment-17979 Hi Eric,

You are completely right – the point you raised was very relevant, I’ve had a few people email me and tell me how much they enjoyed your point of view.

However, I’ve always stuck to being idealistic instead of pragmatic on the blog – so I thought I shouldn’t really change this late in the game 😉

]]> By: Eric Crampton http://www.tvhe.co.nz/2009/03/13/crampton-walker-on-policy/#comment-17978 Thu, 12 Mar 2009 20:12:38 +0000 http://www.tvhe.co.nz/?p=3206#comment-17978 I’m very happy relative to my expectations, but not very happy relative to my ideals. How’s that? I don’t disagree with either Paul or you here: the 40% rule is ridiculous; the 9 day fortnight could have been awful (though they’ve restricted it so much that it’s probably not going to be too bad); the bike trail is a bit of a joke (but if it stays within an order of magnitude of current costings, again isn’t too bad). But I was scared that we’d wind up with lots of business bailouts and other such nonsense: hasn’t happened. At least not yet.

Heck, Bollard’s even started worrying about inflation (for once)!

Grey skies are gonna clear up, stick out that noble chin….

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