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Wage and price freeze: Difference between revisions
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Overnight, he said, inflation would be fixed! Startlingly easy, right? Things stayed this way for two and a half years until Muldoon was, at last, thrown out of office, by which time the economy was so demoralised the incoming Labour government led by [[David Lange]], had no choice but to implement the sweeping reforms the economy needed. there was so little money left that New Zealand’s international diplomatic staff around the world were instructed to max out their credit cards. Lange’s book {{br|David Lange: My Life}} is a ripsnorting read. | Overnight, he said, inflation would be fixed! Startlingly easy, right? Things stayed this way for two and a half years until Muldoon was, at last, thrown out of office, by which time the economy was so demoralised the incoming Labour government led by [[David Lange]], had no choice but to implement the sweeping reforms the economy needed. there was so little money left that New Zealand’s international diplomatic staff around the world were instructed to max out their credit cards. Lange’s book {{br|David Lange: My Life}} is a ripsnorting read. | ||
{{sa}} | |||
*[[Robert Muldoon]] | |||
*[[David Lange]] | |||
{{ref}} | {{ref}} | ||