Forum Archive Index - January 2002

["Peter" <pmaiden@xtra.co.nz>]

Right on Marilyn. For Brash quite a good speech though and one anybody interested in the future of this country should read. On the Reserve Bank web site.

 

There is that other point Brash made in that speech about why NZ'ers don't save - in that NZ'er's have been told by successive governements that we do not need to save for the things that people in many other conutries save for. Access to things such as health, education and superannuation seems to be the god given right of NZ'ers.

 

Suppose no harm in the Governer of the Reserve Bank calling for 'social reforms' and for us to change our view on life.

 

 I enjoyed his other quote from a book written in 1886  "I fear it is no use writing against excessive borrowing. The disease must run its course and no one will rejoice more then the writer if a certain cure is found for it. There are reckless lenders as well as reckless borrowers and the two must share the difficulties and troubles which may be in store for them in the future".  Obviously an age old problem.

 

Bit of worry when Brash's colleagues browse second hand book shops - hope they are not looking for inspiration

 

Cheers

 

Peter