Friday, April 12, 2019

"Jacinda Ardern's economics of blindness": David Seymour

ACT MP David Seymour writes at Magic Talk:

Would you live in a country in which the average age at death is 45, few children attend secondary school, and most people don’t have access to a telephone or electricity?
Sounds awful, right? That was New Zealand in 1913. The difference between then and now is productivity.
Paul Krugman – a Nobel Prize-winning, left-wing economist – once wrote that “Productivity isn't everything, but, in the long run, it is almost everything. A country's ability to improve its standard of living over time depends almost entirely on its ability to raise its output per worker.”
Most serious economists would agree. 


Kiwi Dave said...

When I click (Safari, iPad) on more, I get ‘That URL can’t be shown.’

Lindsay Mitchell said...

Thanks. Odd. Working now.