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We are going to miss central bank independence when it is gone. It was hard-fought. Read more
The world’s major economies are walking into the next global financial crisis. Moreover, their authorities do not seem willing to change direction. Read more
Both the global financial crisis (GFC) of 2007-2008 and the Covid-19 pandemic caused disruptions to the world economy. During the GFC, stock markets plummeted, and millions of people became unemployed. Read more
New Zealand must prepare for next global financial crisis New Zealand’s economy suffered less damage from the pandemic than analysts expected. But new research warns, however, that just as we are emerging from the COVID-19, a new crisis is already on the horizon. Read more
As the world is slowly emerging out of Covid-19, the next big crisis may already appear on the horizon. After bold fiscal and monetary packages to cushion the blow of the pandemic, inflation, stagflation and asset market disruption are dangers for the world economy. Read more
The government’s Three Waters reform aims to make sure Kiwis have access to safe drinking water, and to close an investment gap worth $185 billion. Another crucial matter for the reform, which has received little attention so far, is housing affordability. Read more
Watching government agencies scramble to find solutions to problems they or other government agencies caused is darkly amusing. They rarely notice the root cause of the problem they are trying to solve, or that their proposed solutions only set the stage for the next round of problems to come. Read more
The Government has announced they will confiscate councils’ three water assets, despite widespread opposition from mayors, councillors, and ratepayers. Ben Craven sits down with Oliver Hartwich, Matt Burgess and Eric Crampton to discuss what the proposals will mean for councils; the winners and losers; and why centralised control of water assets is not the answer to local water issues. Read more
James Michael Curley, Mayor of Boston four times between 1914 and 1950, knew how to win an election. Curley’s key to victory? Read more
A long-standing mate stopped me in the street last week. He asked me if I was livid about property rights. Read more