tag:blogger.com,1999:blog-7342528022617501525.post7744312847399528659..comments2024-03-28T15:05:33.781+13:00Comments on Economics New Zealand: So far so good. What next for fiscal policy?Donal Curtinhttp://www.blogger.com/profile/03687495556590450225noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-7342528022617501525.post-53887407855428457622021-06-28T16:48:24.734+12:002021-06-28T16:48:24.734+12:00I don't like higher equilibrium net debt level...I don't like higher equilibrium net debt levels, but that isn't an argument against using debt for necessary infrastructure. That stuff can be funded in the same way that the Auckland Harbour Bridge was funded: set a bond that's paid off by user fees. Make sure there's no recourse to either central or local government if the user fees wind up being insufficient to pay off the debt. Then it shouldn't even count against prudent net debt limits. Eric Cramptonhttps://www.blogger.com/profile/15831696523324469713noreply@blogger.com