Top Obama economic adviser says NZ only country getting it right

Thu, 18 Oct 2012

By Pattrick Smellie Oct. 18 (BusinessDesk) - The National Party-led government has gained support from an unlikely quarter, with one of US president Barack Obama's former top economic advisers, Peter Orszag, saying New Zealand is "the only country" implementing a balanced mix of stimulus and austerity policies. “For most countries it’s better to combine deficit reduction that you put in place now but that takes effect over time, with if anything, additional support, and that means stimulus, for the economy, effective immediately," said Orszag...

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