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Three roads bounded the farm where I grew up in Southern Manitoba. To the East was the highway. Read more
Local government is fundamentally broken because of the way councils are financed, how the costs and benefits of urban growth are divvied up, and the incentives thus created. Councils bear the costs of growth. Read more
Currently, every house auction is a contest between competing bidders. The auction confronts each bidder with the last price bid. Read more
According to Long’s Axiom, an elephant is a mouse built to government specifications. The saying is a corollary to the old gag about a camel being a horse designed by a committee. Read more
Dr Oliver Hartwich and Dr David Law discuss the details of the government's new housing package and what it will mean for the housing market, house prices and first home buyers. They also discuss the consequences for the rental market and the pitfalls of rent controls. Read more
The Emissions Trading Scheme (ETS) uses prices to lower emissions. The scheme launched in New Zealand in 2008 and it is now one of the best-designed schemes in the world. Read more
In this short podcast, Senior Fellow Dr Bryce Wilkinson outlines the Government's review into Pharmac. He says the review will focus on how Pharmac performs against its current objectives (and if there could be any improvements), and whether Pharmac's objectives maximise its potential to help improve health outcomes for all New Zealanders. Read more
One year ago, in a desperate rush, the government launched the wage subsidy scheme. It had to be done in a hurry; every other option was worse. Read more
This month events at either end of the country highlighted a fundamental failure afflicting New Zealand’s biggest pre-Covid export earner: tourism. On 10 March, Auckland Council heard submissions on when it should reintroduce its Accommodation Provider Targeted Rate (APTR), which is uses to fund Auckland events and destination marketing. Read more
On Tuesday morning, 23 March 2021, the Government announced a set of housing policies that, among other things would substantially change the tax treatment of interest payments on residential investment properties. The changes to tax policy are substantial. Read more