Why NZ doesn’t have the same need for stimulus

Chris Worthington from Infometrics has spoken out against a fiscal stimulus in NZ in the current environment.

I agree, as I have said before. Note, I also raised some criticisms of my idea which could be applied here.

Overall, there is a time and a place for special, temporary, fiscal policy (although, even in this special case monetary policy may be superior). However, even now we are not in this special place …