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It could have all been so nice. At their meeting last Thursday, Eurogroup finance ministers should have elected Spain’s economy minister Nadia Calviño the group’s new head. Read more
Pulling New Zealand out of the fiscal hole opened up by Covid-19 will require a lot of new spending, which the government has already announced. But the crisis also offers the country a chance to rethink its expensive retirement schemes like Kiwisaver, the New Zealand Superannuation and the Superannuation Fund. Read more
Use of the disembodied “we” in official policy documents usually suggests a false agreement about future resource use when, in fact, there are deeply entrenched opposing interests. To fail to acknowledge the conflict is to fail to resolve it. Read more
The Green Party has declared its wealth tax will be a red line in any coalition negotiations. And because Labour knows this, the larger party left the door wide open. Read more
The Government’s plan to recover from the Covid-19 crisis has essentially been about finding new ways to spend. As a result, public debt is expected to increase from 19% of GDP in 2019 to a whopping 54% by 2024 and remain elevated for decades to come. Read more
The concept of modern monetary theory is back. This set of economic ideas has been around for a while but has risen to prominence recently through the work of American economist and adviser to Bernie Sanders' 2016 presidential campaign, Stephanie Kelton, whose book 'The Deficit Myth' was released in June. Read more
The Green Party’s “Poverty Action Plan” is all about tackling poverty, although the outcomes may differ from what the party expects. While it is meant to help struggling New Zealanders, the plan will instead disincentivise work, saving, investment in education and skills, capital, enterprise and innovation. Read more
Some conversations are difficult, but critical. This week, Sir Peter Gluckman, the Rt Hon Helen Clark, and Rob Fyfe released a short ‘conversation paper’ called Re-engaging New Zealand with the World. Read more
The proverb “All that glitters is not gold” is a line from William Shakespeare’s Merchant of Venice. Any doubts about the Bard’s wisdom were dispelled this month when New Zealand’s “gold standard” quarantining was shown to be fool’s gold. Read more
We all know the analogy about barring gates after the horse has bolted from the barn. It speaks to the futility of doing something too late solve a problem. Read more