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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 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 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
When Germany’s Constitutional Court ruled on the legality of the European Central Bank’s asset purchase programme on 5 May, it sent shockwaves through financial markets. In one fell swoop, the red-robed judges accused the ECB of going beyond its mandate of monetary policy and the European Court of Justice of covering up the breach. Read more
It says a lot about this economic crisis when a forecast of -4.5% annual growth is regarded as good news. Yet that was the forecast the International Monetary Fund released yesterday. Read more
It’s been hard to get a decent night’s sleep lately. Stories of the Government’s mismanagement of its quarantine facilities and of the pandemic worsening abroad make for restless nights thinking through safer ways of running those operations. Read more
The average cost of each stay by Kiwis in hotel quarantine here is over $3,000. That cost is being footed by the taxpayer. Read more
On Tuesday afternoon, the Environment Select Committee published its report on Shane Jones’ Forests (Regulation of Log Traders and Forestry Advisers) Bill in Parliament ahead of its second reading. Despite its many flaws – and an unprecedented chorus of disapproval (including full page advertisements in the media) – the Bill has emerged from the Select Committee largely unscathed. Read more