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Adam Smith warned that meetings of people of the same trade quickly turn into conspiracies against the public or contrivances to raise prices. He neglected to mention the benefits of meetings of people from vastly different trades. Read more
Last week the Commerce Commission announced its concern with a proposed merger between Foodstuffs North Island and Foodstuffs South Island. Their concern is a decrease in competition in the market. Read more
Good ideas often take time to gain traction. Congestion charging is no exception. Read more
American supply-side conservatives got one big thing right two decades ago, but they got a bigger thing wrong. And it’s relevant to current debates about our Coalition Government’s proposed tax cuts. Read more
Dr Eric Crampt on talks to Corin Dann on RNZ about the need for state spending to reduce to pre-Covid levels. Listen below. Read more
Dr Oliver Hartwich talks to Nick Cater's show on ADH TV. Watch here. Read more
New Zealand’s Executive Branch has grown to an abnormal size. The number of departments, portfolios, and ministers likely causes a suite of coordination, policy drift and resource management problems. New Zealand relies on the Executive for everything from education to roads. Read more
My earlier column this month, New Zealand’s highest court could be facing a turning point, prompted a flood of feedback from business readers and lawyers alike. A common query was what Parliament can do to restrain an overreaching judiciary. Read more
This research note questions how New Zealand has managed to sustain its large and growing current account deficits with the rest of the world without seeing a corresponding deterioration in its net international investment position (NIIP). It highlights that while New Zealand has been spending more overseas than it earns, the country’s liabilities to the rest of the world have not increased nearly as much as one would expect. Read more
Wellington (Thursday, 14 March 2024) - A new research note by The New Zealand Initiative is questioning how New Zealand has managed to sustain its large and growing current account deficits with the rest of the world without seeing a corresponding deterioration in its net international investment position (NIIP). The research note, “The Mystery of the $52 Billion Gift: Does New Zealand have a fairy godmother?” highlights that while New Zealand has been spending more overseas than it earns, the country’s liabilities to the rest of the world have not increased nearly as much as one would expect. Read more