Last week’s government budget reinforced the sense of fiscal fantasy that arises when one contemplates the unprecedented deficit spending funded by central bank credit creation occurring here and elsewhere. The government plans to borrow around $30 billion net in the coming fiscal year. Read more

Too many New Zealanders demand and expect too much from Government. One result is a never-ending cycle of disappointment and fruitless exhortation. Read more

Currently, every house auction is a contest between competing bidders. The auction confronts each bidder with the last price bid. Read more

Suppose you have an apple orchard. You hire labour to pick and pack your apples. Read more

The Climate Change Response Act 2000, the Climate Change response (Zero carbon) Amendment Act and the Climate Change Commission’s draft advice have two things in common. First, their purported primary goal is to reduce global net greenhouse gas emissions. Read more

In Greek mythology, Hercules was tasked with slaying Hydra, a gigantic and deadly water snake. Hydra had multiple heads. Read more

There are those who say that government can only give away the produce of the productive. There are those who say that government can spend up to national income, but not beyond. Read more

As Mark Twain once quipped: “Lack of money is the root of all evil.” And so entered the governor of the Reserve Bank of Transformable. “Suffer all those short of cash to come unto me,” quoth he. Read more

Imagine an optimistic and hard-working young couple hoping to raise a family in their own house. Thousands of them are flicking through property listings each weekend. Read more