Andrew Dickens Afternoons

It is fair to say the country is not in a good place right now. Job cuts dominate the headlines. A double-dip recession came true. Inflation is robbing us of our purchasing power. Last week an IPSOS poll found that 60 percent of us think that New Zealand is in decline and 65 percent believe that the economy is rigged to benefit the rich and the powerful. And when people bemoan our situation and wonder how we got here a common response is to blame the Labour Government and the Reserve Bank. A common refrain is Robertson blew all the money so we can't afford to do anything now, even something as important as paying our police more so they don't quit or leave the country. You also hear that Labour caused a debt so large our children and their children will be paying for it for decades to come. So I pricked up my ears last week when Mike Hosking talked to ASB economist Nick Tuffley about inflation and the economy in general. Mike asked him how bad was our economy and he said pretty bad but still nowhere near what