READER REPORT:

Fixing the economy: Growth promotes growth

KAREL ADRIAENS
Last updated 05:00 09/01/2013

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I can remember a time after World War II when the economies were poor and work was needed for the unemployed.

New Zealand at that time was promoting immigration growth, state housing was being built, and roads and infrastructure were at the top of the list.

Yes, we borrowed the money to do this, but the economy grew and everyone had a job. Simply, "Growth promotes growth".

The government is not keen on printing money, yet the rest of the world is doing so and it is not attached to gold wealth anymore, so why not print money again?

We can use it to rebuild infrastructure that is needed now and it'll be too late if we leave it too much longer. This will stimulate our economy and grow it, but we need more people and the government to pursue this action.

Look at what China has achieved, and it was their government that drove it. Private industry can also do this, but again it will take the government and money to achieve this.

You will only need to look at what is happening in Christchurch and what this will do for the local economy over the next few years. Surely we can push this through into other regions in a different way but with the same results.

Money makes money, so come on John Key, let's give it a go.


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