Image
This Peter Bromhead cartoon on the 1978 election-year Budget suggests that Muldoon's 'economic miracle' was an illusion created by overseas borrowing.
Te whakamahi i tēnei tūemi
Reference: A-27-1-001
by Peter Bromhead
Courtesy of Peter BromheadPermission 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.