Over the past couple of days there has been a pivotal moment in the debate over New Zealand's economic direction. Both Gareth Morgan and Bernard Hickey appear to have fundamentally reconsidered their positions on management of the economy in general and monetary policy in particular. Perhaps even more importantly, their heresies have been featured prominently by the the NZ Herald. As opinion leaders in NZ's 'great social and economic experiment' begin to waver, perhaps the neo-liberal orthodoxy truly has begun to crumble.
Much of the evidence detailing the consequences of current 'policy settings', together with well-argued alternatives, has been canvassed in our Resilient Economy Seminars this year.