Letter to the DomPost
Today’s paper has an article entitled “Muldoon's 1970s problems flare up again”. The home page of the Foundation’s web site www.feg.org.nz shows our graph that traces New Zealand’s decline down the worldwide and OECD wealth tables. This graph was drawn in 2004 and shows that we could clearly see that the Clark government was set on the same “Command and control” path that lowered our wealth under Muldoon’s control.
REAL economics, as described on our web site, show how this is inevitable. With a fiat currency and the belief that a strong leader can control an economy there is only one way that the economy can go – and that is downhill.
Labour’s policies combined with the Green’s Climate Change mantra are destroying wealth in New Zealand. We can see it happening now and it will get worse as the Clark government applies more and more control in a search of the solution.
Unfortunately it will take a long time to swing the economy around again during which time many more of our young and energetic entrepreneurs and professionals will take off for Australia. The people who will really hurt are those whom Labour claims as their own. How ironic.
Foundation for Economic Growth Incorporated
111 John Sims Drive
P O Box 10-282
Phone 972 4365
Mobile 027 229 1519
May 8, 2008, 13:17
A New Visitor To Our Web Site
I recently visited the FEG website and was greatly impressed by it. How refreshing to see someone else out there who is espousing the same free market ideas in which I passionately believe. I’m only sorry it took me so long to find out it existed (which I did via Peter Cresswell’s NotPC website).
If you haven’t seen the latter, it can be found at
I own and have read many of the books featured on your website – The Road to Serfdom, Human Action (just upgraded to the Scholar’s Edition), The Skeptical Environmentalist (I went and listened to Lomberg when he visited Wellington) as well as the Concise Guide to Economics and many other books by libertarian/free market thinkers such as Rothbard and Mises. I thoroughly recommended George Reisman’s magnum opus Capitalism, though it is a huge book.
What a pleasant surprise to find a free thinker from the Muldoon cabinet (Hugh Templeton) – those were indeed the bad old “Polish shipyard” days when the country was run by the little dictator. I was at university years ago in Dunedin with Hugh’s son James.
Loved the correspondence between yourself and Dianne Yates. What an eye opener! The woman is a brainwashed semi-literate hard-core socialist totally unable to relate to the ideas of liberty. Actually it’s quite frightening to read what she wrote.
Anyway, I have signed up for the newsletters and look forward to the next one. I shall visit your website again! Bravo!
Richard G McGrath
MB ChB DipObst PGCertTravMed
24 Lincoln Rd
May 7, 2008, 10:35
To The Listener
Sometimes I feel compelled to write a letter to the paper or a magazine to help peoples' thinking about economic mysteries. This letter was published in the listener of October 13-19 2007.
They edited out some of the explanation but at least they got the gist of it.
Oct 11, 2007, 15:04
I have been sending our newsletter to the politicians for the last year or so. One has come back to me for more information (about our series of East vs. West) but mostly there is a deafening silence – until now.
We have had a wonderful response to our Newsletter from Dianne Yates, Labour MP for Hamilton East. I responded and then we had a small interchange of ideas(?). Here it comes exactly as received - no Hello or Goodbye, just straight from the shoulder:
Aug 4, 2006, 15:26