Zeitpunkt Nutzer Delta Tröts TNR Titel Version maxTL Sa 13.07.2024 00:00:07 51.335 +38 2.182.997 42,5 Vivaldi Social 4.2.10 1.337 Fr 12.07.2024 01:48:55 51.297 +35 2.180.581 42,5 Vivaldi Social 4.2.10 1.337 Do 11.07.2024 00:00:47 51.262 +51 2.185.421 42,6 Vivaldi Social 4.2.10 1.337 Mi 10.07.2024 00:00:00 51.211 +49 2.182.055 42,6 Vivaldi Social 4.2.10 1.337 Di 09.07.2024 00:01:21 51.162 +41 2.178.939 42,6 Vivaldi Social 4.2.10 1.337 Mo 08.07.2024 00:01:05 51.121 +48 2.178.512 42,6 Vivaldi Social 4.2.10 1.337 So 07.07.2024 00:00:03 51.073 +43 2.174.783 42,6 Vivaldi Social 4.2.10 1.337 Sa 06.07.2024 00:00:28 51.030 +43 2.171.323 42,5 Vivaldi Social 4.2.10 1.337 Fr 05.07.2024 00:00:08 50.987 +26 2.167.586 42,5 Vivaldi Social 4.2.10 1.337 Do 04.07.2024 00:00:11 50.961 0 2.163.949 42,5 Vivaldi Social 4.2.9 1.337
Iain MacLean (@iainmaclean) · 12/2022 · Tröts: 77 · Folger: 23
Sa 13.07.2024 22:42
I’m reading the article ‘The Rise of Rogernomics’ in the latest Listener. Even though most of us who lived through it are aware of how fundamentally it changed the structure of the New Zealand economy, it’s good to be reminded how disruptive the times were.
There’s a section on the currency crisis and how Mudoon refused to devalue the NZ dollar, even in the face of a wholesale sell off by traders.
I worked for the former National MP John Fallon in the mid-1990s (press secretary for 18 months) and he once told that he and Jim McLay went to see Muldoon on the Sunday after the election to convince him to devalue. (John was Revenue Minister under Muldoon.) As we know, Muldoon refused and it wasn’t until they got the force of numbers in caucus that he agreed.
His pig headedness about this cost the country about $2 billion defending the currency, debt went up by almost $3 billion, and the currency traders made a killing. #nzpol
[Öffentlich] Antw.: 0 Wtrl.: 0 Fav.: 0 · via Toot!