How do the Green party want to fix this? By asking for bigger wage rises and an increase in the minimum wage. Anybody who's done economics 101 will tell you this is a guaranteed way of ensuring that our inflation reaches double digits and forces out OCR up even futher.
I'm sorry but that's a F for fail.
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Comment by amphibem, on 16-Jul-2008 18:59
"Anybody who's done economics 101 will tell you this is a guaranteed way of ensuring that our inflation reaches double digits and forces out OCR up even futher." There's your false assumption. Looking at any of the Greens economic policies shows they don't understand basic economics! In fact my macroeconomics lecturer constantly used them as example of bad economic policy.
Still, I guess democracy needs these fringe groups to keep things in check, or something like that.
Comment by destined, on 17-Jul-2008 08:42
It reminds me of Labour at the last election saying that dropping the interest on student loans would not lead to an increase in student borrowing. Yeah Right!
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