I've noted before that Henry Ergas physically reminds me of Groucho Marx. I think he's now trying to emulate him (unsuccessfully) in other ways, too. (If you imagine this dire piece of writing set to music, perhaps.)
Such is the standard of right wing economic analysis these days, eh?
I lost all respect for Ergas when he compared the NZ budget with ours.
ReplyDeleteHe didn't mention their TOT was rising and ours was falling and thus their nominal GDP growth forecast was over double what ours was. If you changed the changed the numbers for both counties guess what would have happened!
I have caught him out previously goebelising!
As Davidson has shown if you continue to write in ways that only idiots will read you deteriorate quickly