One of the interesting trends of the National Government’s budgets has been how it has been able to raise tax revenue practically unnoticed. Attention has largely focused on income tax rates and, to a lesser extent, the applicable thresholds. However, away from the spotlight various budgets since 2009 have made

I asked him [Keynes] if he would borrow if he were in New Zealand in order to get through the crisis. Keynes replied, ‘Yes, certainly if I were you I would borrow if I could, but if you asked me as a lender I doubt whether I would lend to