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How seriously does our Reserve Bank take monetary policy? There should be no doubt that it takes it very seriously indeed. Read more
There’s a special kind of mental contortion that seems required in politics. A politician has to be able to hold mutually inconsistent beliefs in their head and not notice that they don’t really work well together. Read more
When the government broke for the summer, Prime Minister Ardern told her Cabinet to cut its legislative cloth to suit the government’s election-year capacity. The government was attempting complex reform of the resource management system, council water infrastructure, and the entire health system. Read more
It is the time of the year when people reflect on the past year and wonder what the new year will have in store. So let’s take stock of 2022. Read more
Budget 2023 is an election year budget. Many voters want to be fed (bigger) hand-outs. Read more
A rowboat drifts at sea, water seeping in from a hole in its side. Its captain has engineered all kinds of ingenious devices to bail out the boat and to dry sodden things. Read more
The first principle of medicine is “do no harm”. It should be the first principle of economic policy too, especially heading into an election year. Read more
On Wednesday, the Reserve Bank increased the Official Cash Rate (OCR) by 0.75 percentage points (pp) to 4.25%. This isn’t surprising given that inflation has reached a 30-year high of 7.2%, but is it too little too late? Read more
Never attribute to malice that which can be explained by incompetence. Even still, it is hard to see how policy could be less friendly to entry by grocers like Aldi or Lidl if it were intentional. Read more
According to Greek legend, the Chimera was a monstrous fire-breathing creature with three heads. It is usually depicted as a lion with the head of a goat protruding from its back and a tail with the head of a snake. Read more
