Selling silver

There are opinions galore on Key's plans to sell assets to pay, he says, for New Zealand's debt.
No Minister has a pithy post that appeals to me and seems as clear as a bell and on the button at the same time.

"There's a fairly obvious flaw with that plan that even I, not only not the Smartest Man in the Room, but completely untrained in finance and economics, noticed immediately: one receives a payment for the assets, but then forgoes the future earnings of said assets. Bernard Hickey explains it this morning:"

The link to Bernard Hickey's column is well worth following.

Hat-tip No Minister