I tuned to talkback on my way home from Dunedin on Monday night and heard a man explaining to Kerre McIvor that everything went wrong in New Zealand when Roger Douglas was Finance Minister.
He was wrongly criticising the cure rather than the cause.
Roger Douglas’s recipe wasn’t perfect but radical change was necessary because of the parlous state our economy was in owing to too many years of living beyond our means.
No doubt Australian Treasurer Joe Hockey will be similarly criticised for the tough medicine he delivered in his first Budget last night.
Critics will forget he was handed a sick economy and it was the high spending and high taxing prescription of the Labor governments before him which did the damage.
Now Hockey’s had to present the bill which all Australia has to pay just as we’ve been paying the bill for the over taxing and over spending that Labour-led governments indulged in through the noughties here.