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
In this Quick Take podcast, Oliver Hartwich unpacks his op-ed for the Australian Financial Review in which he argued that politicians on both sides of the Tasman aren’t thinking clearly about their respective housing crises. Oliver's article in the Australian Financial Review can be read here. Read more
One of the shortest jokes about economics goes like this: Teach a parrot to say supply and demand, and you have created an economist. But there is an even better joke: Teach a parrot to say demand and demand, and you have created a politician. Read more
The Government will declare a climate change emergency. But what does this mean? Read more
When the Covid-19 crisis first struck Italy earlier this year, this column warned it might set off a chain of events that would wreck the Mediterranean country’s economy. On 10 March (A catastrophe that will cripple Italy), I pointed out that Italy would experience an economic collapse as public debt soared past 150 percent of GDP. Read more
The holiday season always brings the requisite warnings about the summer road toll. Drive to the conditions, and the faster the speed, the bigger the mess. Read more
These days, even the German army cannot afford to neglect its green credentials. Pity if that’s the only thing it is good at. Read more
All too often, today’s flavour of the month is tomorrow’s failure. This truism appears to be playing out in education. Read more
In this episode of the Initiative’s Freely Speaking podcast, Matt Burgess, Eric Crampton and Oliver Hartwich trade hypotheses on why the New Zealand housing market is so broken with a few comparisons in Europe and how a change of incentives for local councils might be a big part of the solution. If you would like to listen to our latest podcasts, please subscribe to The New Zealand Initiative podcast on iTunes, Spotify or The Podcast App. Read more
Last Sunday, Wellington mayor Andy Foster joined a protest at a housing development at Shelly Bay. Wearing suit and tie, he pitched tents to support the occupation but then later told media he thought it was merely a “community gathering.” Regardless, Foster’s attendance at the protest was inescapably seen as going against his own council, which days earlier voted to support the $500 million project. Read more
Oliver Hartwich wrote an open letter to Mike Hosking in the NZ Herald taking aim at some of the radio host’s recent comments on housing. They discuss their different point of views in Mike’s radio show on Newstalk ZB. Read more
On this Quick Take podcast, Oliver Hartwich explains his open letter to Mike Hosking. The radio host’s position that the government has nothing to do with fixing the housing crisis is unhelpful and misses that governments – over the last decade – are responsible for the skyrocketing prices. Read more
Dear Mike, In a country where people often hold back opinions for fear of offending others, your breakfast show is a refreshing exception. I am a fan of your clarity and boldness (though, sadly, we still haven’t met). Read more
In this Quick Take episode, Matt Burgess explains why the Emissions Trading Scheme (ETS) is a simple and effective way to reduce carbon emissions overtime at the least cost. The ETS, which New Zealand has implemented, means no other climate policies are needed, so why does the Government continue to introduce them? Read more
Air compressor tanks come with a maximum pressure rating. The things are built to handle pressure, but only so much. Read more