Unique Response to the Depression

Yesterday my academic eyeballs were stretched beyond reason. JAS McKenzie of Treasury (Muldoon's top economic adviser) was guest lecturer to the Department of Economics. He stated that given current policy (without change) projected figures to 1985 shows a massive decline in employment coupled with a rising labour force (an honest viewpoint by a practising economist.)

However, this gave Dr Geoff Bertram his a — waited chance to show off his inflated academic ego. Bertram clearly stated that we New Zealander's should not be scared by massive unemployment and emigration — after all look at Scotland and Ireland as examples — "rural Ireland is so quaint." — need I say more?