Tuesday, October 09, 2012
Green Party Finance Spokesperson Russel Norman today unveiled the party's new monetary policy. The Greens want to pay for the earthquake rebuild with a new currency that can only be used in the Canterbury region.
The Otautahitan Bob, or Bob for short, will be printed in quantities yet to be determined by the Green Party Economic Wiccan Circle. Norman insists that the new currency will not be inflationary, yet will help exporters become more competitive somehow.
NZIER economist Shamubeel Eaqub has dubbed the prior Green Party policy not so much voodoo economics as Zombie Mugabe Economics. Economists have yet to stop laughing at news of this latest Green policy long enough to comment.