Extortion is a poor business model
For decades, newspapers’ business model was simple. Classified ads paid most of the bills. Read more
Eric Crampton is Chief Economist with the New Zealand Initiative.
He applies an economist’s lens to a broad range of policy areas, from devolution and housing policy to student loans and environmental policy. He served on Minister Twyford’s Urban Land Markets Research Group and on Minister Bishop’s Housing Economic Advisory Group.
Most recently, he has been looking at devolution to First Nations in Canada.
He is a regular columnist with Stuff and with Newsroom; his economic and policy commentary appears across most media outlets. He can also be found on Twitter at @ericcrampton.
Phone: +64 4 499 0790
For decades, newspapers’ business model was simple. Classified ads paid most of the bills. Read more
Russia’s Embassy in Wellington includes some 20 officials and their partners. The Ministry of Foreign Affairs and Trade’s website tells us the Russian Embassy’s staff include Ambassador Zuev, a Deputy Head of Mission, a Second Secretary, another Second Secretary, a Third Secretary, four Attachés, and eleven “Administrative and Technical Staff.” It isn’t a small number. Read more
New Zealand’s longest-running, most-damaging, and stupidest game of Cluedo might finally be over. The killer has been nabbed. Read more
Inflation is central government's responsibility. The Reserve Bank sets monetary policy, and monetary policy drives inflation. Read more
Last week might not have seemed the best time for a 25 per cent increase in Canada’s carbon tax. Fuel prices there, like here, have been increasing. Read more
A funny thing happened on the way to Wellington’s draft Economic Wellbeing Strategy. It’s a tale as old as time. Read more
Eric Crampton joins Bryan Crump on Radio new Zealand Nights to discuss the war in Ukraine, and the policy prescriptions libertarians have proposed to stop the conflict.
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Regulation often does more to help regulated industries than to protect either consumers or the country at large. Rules imposing costs on an entire industry can benefit large players at the expense of smaller businesses or new entrants. Read more
Carbon prices are the best way of getting us to Net Zero. The Emissions Trading Scheme can get the job done if the government lets it. Read more
How has Putin’s regime changed over the years? And does the structure of his government explain Russia’s invasion of Ukraine and its poor military performance? Read more
Eric Crampton talks to Kate Hawkesby on NewstalkZB Early Edition about whether the Government's fuel discount will help those dealing with increases to the cost of living. Read more
Russia’s invasion of Ukraine combined with a global pandemic and a Reserve Bank that has forgotten its core inflation mandate do not make a case for cutting petrol excise and road user charges. And yet, here we are. Read more
The Government has reduced fuel excise duty and public transport costs to help curb rising living costs. Eric Crampton talks to Wallace Chapman on Radio NZ - The Panel about how effective this will be. Read more
Wellington (Tuesday, 8 March 2022) The New Zealand Initiative is applauding the Commerce Commission for their final report into supermarket competition, and says the regulator is right to take issue with the red tape that hinders competitors entering the market. The Commission recommended easing zoning restrictions so that it is legal to build supermarkets in more places, removing restrictive covenants that hinder supermarket development in prime sites, and ensuring that the Overseas Investment Act and the Sale and Supply of Alcohol Act do not unduly impede entry and expansion. Read more
The Commerce Commission’s final report into retail grocery competition, released this morning, recommends legalising new grocery stores. While it is not formally illegal to start a new supermarket chain, zoning and regulatory barriers make it effectively impossible. Read more