ELI5: Explain Like I'm 5

Rogernomics

Rogernomics is a big word that describes something that happened in New Zealand a while ago. Imagine you have a big house with a lot of stuff in it. You also have some money that you use to buy more things for your house.

In the olden days, the people in charge of the house (the government) used to decide how much money you could spend and what things you could buy for your house. They would give you some money for groceries and some money for clothes and some money for toys, but you couldn't buy anything else.

But then, one day, a man named Roger came to visit your house. Roger is very smart and knows a lot about money and buying things. He said that instead of the government telling you what you could buy, you could decide for yourself! You could use your money to buy anything you want for your house!

So, the people in charge of the house (the government) listened to Roger and decided to let everyone decide for themselves what they wanted to spend their money on. This was called Rogernomics because Roger was the one who suggested it.

At first, some people were happy because they could buy anything they wanted for their house. But other people were not happy because they didn't have enough money to buy the things they needed.

Over time, the people in charge of the house (the government) started to change other things too, like getting rid of some rules that made it hard for people to do business and make money. They also started to sell some of the things in the house that they didn't need anymore, like businesses and land.

Rogernomics changed the way New Zealand ran their house, and some people think it was a good idea, while others think it was not such a good idea. But that's what rogernomics is all about.