MIC 13 | On debt, our COVID-19 recovery, and where to from here?
Over the last year, the New Zealand Government has borrowed heavily to offset the economic and social impacts of COVID-19 and so far, the big gamble seems to have paid off with GDP bouncing back strongly. But uncertainty remains. What does a k-shaped recovery look like? Does it even exist and what does all this extra debt mean for tax payers long-term?
Ven Dr Lyndon Drake
The Ven Dr Lyndon Drake (Ngāi Tahu) serves as Archdeacon of Tāmaki Makaurau in the Māori Anglican bishopric of Te Tai Tokerau. He is married to Miriam with three children. Until 2010, Lyndon was a Vice President at Barclays Capital, trading government bonds and interest-rate derivatives. Since then, he has served as a pastor in a city centre church in New Zealand, as well as teaching theology and serving in a range of Christian leadership roles.
Lyndon has degrees in science and commerce (Auckland), a PhD in computer science (York), two degrees in theology (Oxford), and a number of peer-reviewed academic publications in science and theology. He sits on a number of boards, including as chair of Te Hui Amorangi ki Te Tai Tokerau Trust Board, Te Kaunihera (Governors) of St John’s College, the Oati Trust, the Venn Foundation, and Te Whare Ruruhau o Meri Trust Board. Lyndon has written *Capital Markets for the Common Good: A Christian Perspective* (Oxford: 2017, Oxford Centre for Enterprise, Markets, and Ethics).
Julian Wood is Senior Researcher at Maxim Institute; primarily a labour economist with a Masters in Social Science and a history of strategic labour market policy work in minimum wages, migration, and regional development.
Julian has produced a wide range of research for Maxim Institute covering Regional Development, Migration and Active Labour Market Policies (ALMP). He is currently examining modern forms of work and how these increasingly non-standard/digital platform/precarious work practices interface with the tax and welfare support systems.