This Peter Bromhead cartoon on the release of the 1978 election-year budget suggests that Muldoon's 'economic miracle' was an illusion created by overseas borrowing.
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Alexander Turnbull Library
Cartoon by Peter Bromhead
Permission of the Alexander Turnbull Library, National Library of New Zealand, Te Puna Mātauranga o Aotearoa, must be obtained before any re-use of this image.
Courtesy of Peter Bromhead