Administering monetary medicine
Imagine you went to your GP and received an unpleasant diagnosis. Would you want your doctor to panic in front of you, speculate that your disease might be terminal and prescribe a strong medicine? Read more
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Imagine you went to your GP and received an unpleasant diagnosis. Would you want your doctor to panic in front of you, speculate that your disease might be terminal and prescribe a strong medicine? Read more
As Germany heads towards an economic slowdown, and in fact may already be in recession, calls for deficit spending and fiscal stimulus are getting louder – calls for the federal government to use the opportunity of negative interest rates to borrow and invest in infrastructure. Siemens’ CEO Joe Kaeser says so. Read more
Everyone has their guilty pleasures. For many people that guilty pleasure is a cheesy melodramatic soap opera. Read more
On Monday, my fellow columnist Rod Oram delivered a gloomy view of British democracy. Alarmed by Boris Johnson’s prorogation of Parliament, Rod echoed the views of those who believe the Prime Minister has chosen a most dangerous path. Read more
UK Prime Minister, Boris Johnson, has announced that he will close down Parliament until the middle of October. Oliver Hartwich spoke about this move, and what it means for Brexit, on Newstalk ZB. Read more
When US President John F. Kennedy approved the Bay of Pigs invasion in 1961, he relied on advice from his staff, the defence force and the secret service. Read more
After spending the past half a year watching the Brexit drama unfold, it’s easy to forget another Euro crisis is still simmering: that of Europe’s monetary union. For many years, starting with Greece’s sovereign debt crisis in late 2009, the Euro crisis was a staple of our daily news consumption. Read more
When the smallish Skatbank, a direct bank based in Germany’s east, started charging its wealthy private depositors interest in November 2014, it made international headlines. It was the first German bank to do so, and negative interest rates were still regarded as a ridiculous aberration. Read more
As of this week, the American economy has been growing for 121 months, the longest since records began in 1854. On the back of it, the global economy – including New Zealand’s – has been sailing through calm waters. Read more
He famously claimed his chances of becoming Prime Minister were “about as good as the chances of finding Elvis on Mars, or my being reincarnated as an olive”. It probably means Boris Johnson will be a pizza topping in his next life. Read more