In the aftermath of Global financial crisis, russel norman suggested that the RBNZ should print money (lower the interest rate) in order to devalue the currency and increase output. Don Brach a former governer of RBNZ countered that they should only print money if govt simultaneously cut spending. explain in turn the likely impact of their suggestions and comment on the implied differences in their views on the state of the economy (i.e. whether they assume NZ economy is at or below full employment) include two diagrams for RN and DB's policy prescriptions)