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This 1981 cartoon illustrates an aspect of Muldoon’s response to challenging economic conditions between 1975 and 1984. In an attempt to deal with balance-of-payment problems, he negotiated loans, but the debts were seen by some as a precarious house of cards.
Te whakamahi i tēnei tūemi
Reference: A-311-4-021
Cartoon by Bob Brockie
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.