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Comments on: Has the government been “over-spending”? http://www.tvhe.co.nz/2009/07/23/has-the-government-been-overspending/ The Visible Hand in Economics Wed, 22 Jul 2009 21:40:10 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: Matt Nolan http://www.tvhe.co.nz/2009/07/23/has-the-government-been-overspending/#comment-20463 Wed, 22 Jul 2009 21:06:47 +0000 http://www.tvhe.co.nz/?p=4059#comment-20463 @Miguel Sanchez

The reason I used nominal was so that the stats were comparable to the CA deficit. However, the question on real is a very good one.

There has been a mammoth shift, between the price of PRIVATE consumption and investment. Given that this is mainly the result of tradable prices this has not feed into government.

In real terms the story on the consumption and investment sides is very much the same, if anything it suggests even less overspending.

]]> By: Miguel Sanchez http://www.tvhe.co.nz/2009/07/23/has-the-government-been-overspending/#comment-20461 Wed, 22 Jul 2009 21:01:27 +0000 http://www.tvhe.co.nz/?p=4059#comment-20461 How does it look in real terms Matt? I’m fairly certain there’s been a big shift in the relative prices of consumption vs investment in the last decade or so.

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