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Pull the other one, John

Written By: - Date published: 8:16 am, March 13th, 2012 - 81 comments
Categories: debt / deficit, Economy, john key - Tags: ,

Key to Mike Hosking: “New Zealand either needs to borrow more or earn more, and I’m in the camp that we need to earn more”

sourced from stats infoshare and the PREFU if you want to see the long-run. Just makes Key’s look even worse.

81 comments on “Pull the other one, John”

  1. marsman 1

    Earn more by selling off high yielding State Assets? What a slimeball.
    Borrow more to afford tax cuts for the wealthy? What incompetent slimeballs.

    • Treetop 1.1

      “Earn more by selling off high yielding State Assets?”

      Under Muldoon there was “think big” when it came to state assets. Under Key it is “think small” when it comes to gaining revenue from high earning state asset dividends.

      Under both the deficit has grown and grown and grown.

      • shreddakj 1.1.1

        The only thing the Nats are thinking big about is how much money they can skim off the top of the NZ People and into their mates’ back pockets.

        • Marjorie Dawe 1.1.1.1

          Maybe we should start asking for evidence to show where the money is going.
          Remember those words “Show us the money”!!

  2. tsmithfield 2

    Well, looking at the graphs, we certainly don’t need to borrow more.

    • Kotahi Tane Huna 2.1

      Especially since we are borrowing the money from the people who got the tax cut we borrowed the money to pay for.

      In fact, since the combined wealth of the richest Kiwis increased by $7bn between 2010 and 2011, I don’t think we should even consider paying them back.

    • mik e 2.2

      Tsm Maybe we could raise taxes on those who don’t pay any.

  3. The record speaks for itself, National are liars, hypocrites and have no idea what they’re doing or where they’re going.

    • Tombstone 3.1

      They know what they’re doing alright and voters let them get away with it last election. Brand Key was all about focus on the man, not the policies and certainly not the appalling management of the economy. Voters fell for it hook, line and sinker and Key and his rich mates have been laughing all the way to the bank ever since. Key is a shocker and I agree with others, a liar and hypocrite. He says one thing then acts out another. I don’t want to see Kiwis becoming tenants in our own country but I’m dead keen to flog these farms off to my mates in China – even as individual packages if need be. Two faced liar.

      • Enough is Enough 3.1.1

        Key knows exactly what he is doing.

        He was brought into the National caucus in 2002 with Don Brash to do exactly this. Brash fell over but Key was given the job his promoters put him in Parliament to do.

        Don’t be fooled by the fact everyone is suffering. ‘Everyone’ was never somehing he was told he had to worry or care about.

        This has been a 10 year project that was always going to come to fruition in the Nat’s second term.

        They will not see a third term but that does not matter to them. By that time the 10 year project will be more or less completed. The state sector will have shrunk, the state assets will be in the hands of corporate investors, the benefit system would have been dismantled, ACC will be privatised, schools will be private in drag. The net wealth of the top 5% will have increased by at least 100% at the same time the people falling below the poverty line increases to levels not seen since the depression, possibly ever.

        This is the most dangerous government in New Zealand’s history. Yes worse than Douglas or Ruth. time to stand up and fight

        • shreddakj 3.1.1.1

          So it’s like the bastard child of Muldoon and Ruth Richardson? Slash and burn neoliberal economics combined with the funnelling of state funds into projects (like their private-monopoly-establishing fibre optic plan, the building of private prisons and private charter schools) that will put more money in the pockets of their rich mates. Does that just about sum it up? Actually it’s a lot worse than that I think but it’s probably a start.

        • starlight 3.1.1.2

          You are right it was a long term strategy,remember the ‘secret’ recordings,in it key and
          english say they will go easy in the first term,then in the second term they will lauch
          their offensive on nz and it is offensive,thats all that can be said about the irrepairable
          damage key and english are inflicting on nz.
          Did nz see any benefit from ruthless richardson,shitley,muldoon etc? no because
          the nats only know how to line their own pockets and have no desire to look after
          the bulk of nz’ers,they need to be in power though to get their ill gotten gains,that
          is why there are lies,secret plans,corruption and yes they have to haul the starstruck
          in,enter the ‘key’ brand,job done ,nz hi-jacked by the few at the detriment of the masses.
          Key expected to get ‘unbridled power’ he did not,though he is behaving as though
          he did.

        • Kevin 3.1.1.3

          You are exactly right in your prediction.The National Party is committed to cleaning out what remaining blue ribbon assets this country possesses, selling them to their crony mates, and bringing the country to it’s knee’s.

  4. Colonial Viper 4

    The more assets we sell, the more our GDP goes straight into foreign owners pockets.

  5. vto 5

    So, if Key said this ” “New Zealand either needs to borrow more or earn more, and I’m in the camp that we need to earn more”…..

    then I trust Hosking responded immediately with “Well if you don’t want to borrow then why have you borrowed more than any other government in NZ’s history? Are you not saying one thing and doing another Mr Key?”

    did he? did he? betcha he didn’t. Hosking is useless.

    • tc 5.1

      Key will not attend any forum where he’s asked tough questions, Hoskins is another shill like Holmes, woodham, smith, Williams it’s what ZB does best.

      Suck up to the govt and dog whistle on their behalf, Hoskins is all hot air and pomp very little substance just rant.

    • rosy 5.2

      He could have also responded with ‘best we keep our income earning assets in our own hands then, Mr Key’.

  6. Rob 6

    Of course we need to earn more, why are you so offended by this comment.

    • aj 6.1

      Because he is either a hypocrite, a liar, or stupid, or a combination of all three.
      He has presided over a government that has earned less and borrowed shit loads. Despite this, he campaigned since 2008 on earning more and borrowing less, and has repeated this mantra for over three years while doing the opposite.

      • Chris 6.1.1

        While borrowing has been horrendous the graph shows GDP has increased since National came to power.

        • Hayden 6.1.1.1

          It’s increased from 7950 to 7800?

          • Chris 6.1.1.1.1

            National weren’t in power at the start of 2008 Q3 – they took power in November 2008 so effectively 2009 Q1 before they had a chance to do anything.

            • Hayden 6.1.1.1.1.1

              That’s a fair cop, but you said “since National came to power” so let’s go for $7850 as a start point. :P

        • Blighty 6.1.1.2

          No it hasn’t.

          National came in in Q4 of 2008.

          GDP per capita then was $7,818. Latest it’s $7,781

          and you should look at the increase in the previous decade to see real growth.

    • Blighty 6.2

      I think the offensive bit is the bit about him claiming to be all about growth not borrowing and, by extension, that his opponents are for the opposite when he has borrowed more than any other pm and has the worst growth record.

      • Jim Nald 6.2.1

        Can we start to see a pattern here for his success in his previous career ?

        Fine for that job but wrong person for the PM’s job.

    • Draco T Bastard 6.3

      Because, while saying that we need to earn more, Key is selling off our assets that contributes to the earning, Borrowing the most in our history and giving those borrowings to the biggest bludgers – the rich.

  7. Koptahi Tane Huna 7

    Key isn’t “offensive”, he’s a clear and present danger to the country’s well-being, deserving of a harsh and direct response.

  8. tc 8

    The most galling aspect is he’s given many soapboxes to keep telling these porkys and lull the sheeple into their trap as we don’t have any serious intelligent independant journalists anymore just lackeys to their cause.

    As an oz colleague remarked…..can’t your media read and understand economic data ? WTF is going on over there……the great neo lib con and sell off assisted by MSM mates with compliant owners.

    • King Kong 8.1

      When you start calling the NZ electorate “sheeple” you show what really lies at the heart of your political thinking…People of NZ are morons who don’t know what is best for them. Because of this democracy is a waste of time so lets crack on with the totalitarialism that Socialism always decends into.

      • Enough is Enough 8.1.1

        King Kong

        there is a multi billion dollar industry called marketing. This industry is run by the very people and corporations that endeavour to extract as much wealth as possible from the poor who can’t in turn afford to participate in this industry.

        Marketing works. People will do what Marketers tell them to do. Only one small sector of society can afford to market though.

        So yes the public are sheep because they aren’t told the truth

      • mik e 8.1.2

        KK The missing link is back with heavy handed B/S
        Like unfettered capitalism also descends into totalitarianism KK just look at hisTory.
        A balance between the two is the best for sheeple.
        If the balance tilts to far to the right or leftr it seems to do the most damage

        • Rusty Shackleford 8.1.2.1

          “unfettered capitalism also descends into totalitarianism”
          Can you give an example? The fascist regimes were had economies firmly guided by the govt hand. They more resembled the ideal of Keynesian economics, hardly unfettered capitalism.

          • McFlock 8.1.2.1.1

            Rusty, you give me an example of unfettered capitalism (or real-world application approaching the ideal, to a level of error to your satisfaction) and I’ll give you a totalitarian result (or real-world application approaching the ideal).

            • Rusty Shackleford 8.1.2.1.1.1

              The US, post civil war up till the progressive era, was relatively free market. No central bank or monetary monopoly. Zero income tax and low taxes in general. GDP growth was robust during this time and bank panics, although frequent, were short lived. Wages grew faster in 1880 than at any other point in the proceeding century. Inflation was low, actually trending towards mild deflation. Prices for many consumer goods dropped precipitously and many more goods became available for working class people. I could go on.

              • McFlock

                Fair enough. And there was the little matter of massacres of Native Americans, and the not-infrequent murders of union organisers (or poor people in general, or ranchers vs farmers), not to mention expansion into the Philippines and Cuba.
                   
                And even then the market collapsed into the Great Depression, leading to a number of acts that might have been economically necessary but were judged to be unconstitutional.

                • Rusty Shackleford

                  Much of the conflict you highlight was committed by govt(remembering, I never said the period was perfectly free market, just more so than today).

                  The great depression was the puncturing of an inflationary boom caused by the fed which had been instituted a decade earlier. The GD was not caused by the relative prosperity of the back half of the 19th century.

                  • McFlock

                    Government at the behest of the capital that ran it. And most of it was organised by good old fashioned private enterprise: “you provide the pictures, and I’ll provide the war!”
                          
                           
                    Relative prosperity – if you were one of the rich white people. Funded primarily by slaughter of Native Americans and the terrorising of recently “liberated” slaves (gotta love the growth rate of the KKK).
                    Summary executions (aka “lynchings”) done at the local or even non-civic level – just folks getting together in a nice government-free way. As for the GD, not getting into that again – somewhat a digression from a digressive point. 
                       

                     

                    • Rusty Shackleford

                      And the problem of capital controlling govt has grown worse as govt power has increased.

                    • McFlock

                      But Rusty, it’s a feedback loop: Capital provides an advantage in government -> the advantage in government provides leverage for capital to require government intervention -> the intervention is in favour of the capital (i.e. the payoff for dallying in politics) -> more capital provides greater advantage in government and greater incentive to dally. 
                             
                      That’s the point – unfettered markets provide capitalists with an advantage to manipulate the government into serving their own interests. In the long run it’s more brutal and restrictive than a moderately-regulated market. 

                    • Rusty Shackleford

                      Fine, let’s scale back to only moderately regulated markets.

                    • McFlock

                      lol – IMO markets are already too lightly regulated…

                    • Rusty Shackleford

                      Let’s take a look at that.

                      What is involved in all transactions? Money. Who controls the money supply and issuance of currency? The government. Money being one side of all transactions, fully 50% of markets are completely govt controlled. And we haven’t even got onto taxes and regulations yet.

                    • McFlock

                      much lolz! Are businesses prohibited from providing their own fungible token means of exchange? Nope- discount or freebie coupons are an example, as are flight points.
                         
                      But government-issued money is more reliable (both in preserving value and in universal acceptance) in the marketplace than mcdollars or barter, so the vast majority of the population choose to use govt funds. There’s no law saying I have to use coin, is there? But the marketplace chooses to do so, because it’s more efficient than anything private enterprise comes up with.

                    • Rusty Shackleford

                      “Are businesses prohibited from providing their own fungible token means of exchange?”
                      Yes they are. Try paying your taxes with a New World coupon book (do they still make those?)

                      “But government-issued money is more reliable”
                      Sincerely, that is one of the dumbest things I have ever heard from someone who claims to be knowledgeable about economics. The value of the $NZ is guaranteed by law to be worth at least 1% percent less in 12 months than it is today. Often it exceeds that amount. The value of the $US IS 1% of what it was in 1929. Almost no other asset class performed that poorly.

                      “There’s no law saying I have to use coin, is there?”
                      http://en.wikipedia.org/wiki/Legal_tender

                      “But the marketplace chooses to do so”
                      The market place has nothing to do with it. Fiat currency is forced on the population by govt. Precious metals were the medium of exchange of choise for millennia. The idea of paper as money, backed by nothing, is a relatively recent invention.

                      Much lolz indeed.

                    • McFlock

                      Not being able to pay tax with coupons is sort of the point – private currency is not something anybody else has to accept. Legal tender, they do.
                          
                      And reliability of legal tender is more reliable than private currency  – even if it might not be perfect. I still have a couple of vouchers lying around from stores that no longer exist. Governments go under less often than businesses. Valueless is a hell of a lot worse than devalued. 
                                 
                      As a consumer, there’s no law saying I have to use legal tender. As a vendor, I have to accept it if offered, fair enough. But if my private means of exchange, say fly-bys points, were better than legal tender, my customers would only offer fly-bys points. That’s the market in action – I thought you’d know that?
                              
                      As for the evolution of currency, the measure of value is essentially arbitrary. It’s essentially a token of confidence and good faith. Back when money was based on precious metals, the economy was occasionally distorted by rapid changes in supply of those metals (e.g. silver taken to Spain from Central and South America, or Roman gold from Spain) but no change in production of anything else. The resulting inflation was basically the same as the credit crunch – money was no longer based on such a scarce resource, it devalued, and consumer confidence sunk proportionately.
                          
                      A means of exchange is not bartering by token. It is the item of transferable value, and the rest of the economy is benchmarked around it. I can go either way on the gold standard, but can see the point to having the value of the currency linked to a supply the government can control. And the key thing thing that the government has complete control over the supply of is the currency itself.
                       
                       

                    • Rusty Shackleford

                      “the measure of value is essentially arbitrary.”
                      This isn’t true. Value emerged out of what quantities of goods could be exchanged for other quantities of goods (and services). The ratios are extremely complex and ever changing. Try bartering for a dozen eggs if all you have to exchange is a tractor.

                      Gold (and other items) emerged as currency independently in disparate regions of the globe because that is what the market demanded. Nobody controlled it, other items could easily have substituted for gold. Fiat money isn’t analogous to this as it is controlled by an institution. If it gets devalued, people can’t easily move away from it into other exchange commodities. Gold they can.

                      “the economy was occasionally distorted by rapid changes in supply of those metals”
                      But, it’s constantly distorted by rapid changes in the supply of paper and electronic money. In far greater quantities. The Reserve Bank could create a trillion dollars before lunch if it wanted to. Try digging up that much gold.

                      “And the KEY thing thing that the government has complete control over the supply of is the currency itself.”
                      You really want him in charge of one side of all transactions that take place?

                    • McFlock

                      Value emerged out of what quantities of goods could be exchanged for other quantities of goods (and services). The ratios are extremely complex and ever changing.  

                       But whether a dollar buys a pound of gold or 1/1000th of an ounce is arbitrary. What counts is that it is a yardstick against which everything else is measured, not that it is nailed to the price of precious metals or a weight of salt.
                       

                      Fiat money isn’t analogous to this as it is controlled by an institution. If it gets devalued, people can’t easily move away from it into other exchange commodities. Gold they can.

                      Yeah, in order to move into another medium of exchange they’d either need a forex market or even maybe a gold trader at the local mall. Such things would never be seen /sarc

                      If fiat money were so hard to get away from, why is it that   in most warzones when the local currency is worthless black markets operate on cash like USD, Euros or RMB?
                      And fiat currency is electronically transferable around the planet. Gold isn’t.  

                      Historically, gold and silver rushes have been large enough to distort economies. If a government doesn’t want to distort the economy today, it slows the generation of money. In the old days, it would have had to spend a lot of money preventing people from digging it up themselves. E.g. the largely futile attempt to stop conflict diamonds entering the global market doubles as a way for the controllers of diamond supply to preserve the value of their commodity. But it simply doesn’t work.

                       
                      And if you knew the RBA, you’d know that it’s Bollard who controls the money supply in NZ. With specific objectives to maintain currency value – although I’d also tack in other economic benchmarks. And I’d sure as shit trust a politician (who can be kicked out after 3 years) rather than say a De Beer or a Zaharoff or a Hearst or any other upstanding crook businessman.
                       
                       

                    • Rusty Shackleford

                      “But whether a dollar buys a pound of gold or 1/1000th of an ounce is arbitrary. ”
                      It isn’t arbitrary. Money is a commodity. Just like gold, socks or beans. You can price commodities in quantities of other commodities. Try trading a basket of vegetables you grew to your neighbor for his car and see what he says about prices being “arbitrary”.

                      The peg of the dollar to gold is arbitrary, but I’m not advocating for that. The govt can continue to issue worthless scrip if it wants to. Just don’t stop free people from issuing their own currencies.

                      “…in order to move into another medium of exchange they’d either need a forex market or even maybe a gold trader at the local mall.”
                      There is a gold trader at my local mall. I’m not exactly sure what your point is.

                      “If fiat money were so hard to get away from, why is it that in most warzones when the local currency is worthless black markets operate on cash like USD, Euros or RMB?”
                      Because those currencies are simply less debased than the local currency. Still debased, just less so.

                      “Historically, gold and silver rushes have been large enough to distort economies.”
                      When? Historically, fiat money has and continues to distort economies.

                      “the largely futile attempt to stop conflict diamonds entering the global market”
                      Conflict diamonds are a politically supported ruse to keep the price of diamonds high. Diamonds aren’t actually that rare.

                      “And if you knew the RBA, you’d know that it’s Bollard who controls the money supply in NZ. With specific objectives to maintain currency value”
                      He is a paragon of Friedmanite economic theory. A mmonetarist through and through.

                      He doesn’t do a very good job of maintaining the value of the currency. He is mandated to devalue it by at least 1% a year. That is not stable pricing. It’s theft.

                      “I’d sure as shit trust a politician rather than say a De Beer or a Zaharoff”
                      I don’t trust any of them. I’d rather see the means of exchange decentralised.

                    • McFlock

                      The peg of the dollar to gold is arbitrary, but I’m not advocating for that. The govt can continue to issue worthless scrip if it wants to. Just don’t stop free people from issuing their own currencies.

                       
                      Governments don’t stop people from inventing or using other means of exchange (barter, fly-bys, other national currencies). They just ensure that there’s at least one means of exchange that is universal within their territory, thus enabling more efficient commerce.
                       

                      There is a gold trader at my local mall. I’m not exactly sure what your point is.

                      My point is that other means of exchange are already available, and yet almost everybody in NZ uses NZD. Not because they are forced to, but because it gives us the freedom to move from store to store to get the best deal. Similarly, in warzones etc people move to other currencies freely. There is choice to move to other means of exchange all the time. But the fact that a national currency is guaranteed to be accepted anywhere in the territory makes NZD the most efficient means of exchange, so people choose that.
                      Or should Countdown be forced to accept NW coupons?

                       
                       
                      “Historically, gold and silver rushes have been large enough to distort economies.”
                      When? Historically, fiat money has and continues to distort economies.

                      As opposed to “decentralised”  currencyspeculation within countries, not just internationally.
                       

                      Diamonds aren’t actually that rare.

                      My point exactly. So linking the value of means of exchange to any commodity means that preserving a relatively constant value of the means of exchange relies on the ability of your decentralised market being able to restrict the supply of that commodity (or maintain production levels, in the case of oil).

                        
                      He doesn’t do a very good job of maintaining the value of the currency. He is mandated to devalue it by at least 1% a year. That is not stable pricing. It’s theft.

                      But it’s more stable than currency values determined by a sharemarket equivalent.
                       

                      “I’d sure as shit trust a politician rather than say a De Beer or a Zaharoff”
                      I don’t trust any of them. I’d rather see the means of exchange decentralised.
                       

                      Of course, “free markets” naturally form oligarchies like Hearst and so on. Capital advantage breeds capital advantage.

                    • Rusty Shackleford

                      McFlock, the first man to call someone a right wing nut job when they don’t subscribe to his special little view of the world is also the first to vehemently defend neo-liberal policy when his special little view of the world is threatened.

                      “Capital advantage breeds capital advantage.”
                      Tell that to Kodak.

                    • McFlock

                      McFlock, the first man to call someone a right wing nut job when they don’t subscribe to his special little view of the world is also the first to vehemently defend neo-liberal policy when his special little view of the world is threatened.

                      Seriously?
                      Where did I defend that?
                               
                      And more to the point, is your position that inflation affects government money, but not your “decentralised” limited means of exchange?

                    • Rusty Shackleford

                      Central bank activism is monetarist/neo-liberal policy. The first governor to really get involved in economic cycles was none other than Don Brash.

                      “…inflation affects government money, but not your “decentralised” limited means of exchange?”
                      I never said that either. People are likely to flee from a private currency that is losing its value. Working people can’t really flee from the dollar because what are their alternatives? Some buy gold or other commodities or other currencies but most don’t have the knowledge or wherewithal. They just accept inflation as a matter of course when they don’t really have to.

                    • McFlock

                      Central bank activism as the only mechanism of economic management, and solely obsessed with NAIRU as an economic target is monetarist/neo-liberal policy. The first governor to really get involved in economic cycles was none other than Don Brash.

                       FIFY.
                       And Brash had to work to the description in the RBA – change that and you have a Reserve Bank that works in concert with the rest of the economy.
                       

                      “…inflation affects government money, but not your “decentralised” limited means of exchange?”
                      I never said that either. People are likely to flee from a private currency that is losing its value. Working people can’t really flee from the dollar because what are their alternatives? Some buy gold or other commodities or other currencies but most don’t have the knowledge or wherewithal. They just accept inflation as a matter of course when they don’t really have to.

                       People flee from a public currency when the cost of losing its value exceeds the benefit that universal tender gives them. But the public money supply is so stable that I can’t use my McD’s free burger coupon to pay for petrol. Maybe one day you’ll be right and government will fuck up so badly that I can (but that will probably be “run for the hills” time anyway).
                         
                      You really expect people who walk past gold-traders and currency exchanges in their local mall (but still lack the “knowledge or wherewithal” to use them) to have the “knowledge and wherewithal” to speculate on internal currency fluctuations like day-traders (who are hardly ever successful, anyway)? I’m not sure you’ve thought this through.
                            

                       

                    • Rusty Shackleford

                      Ermm, the RBA came in at the height of the neo-liberal reforms.

                      “change ‘that’ and you have a Reserve Bank that works in concert with the rest of the economy.”
                      What is ‘that’? The RBA? How will changing the RBA make the Reserve bank work “in concert with the rest of the economy’.

                      I can’t believe you’re actually defending central banking. You’re probably in the minority on this site, and certainly in the minority amongst anyone who has ever studied the issue who isn’t a corporatist shill. Central banking works diametrically opposed to free citizens and works directly for the rich and large companies.

                      I suppose I shouldn’t be surprised by internal inconsistencies from you at this point.

                      “the public money supply is so stable”
                      Stable compared to what? I wouldn’t call a 70% devaluation since 1970 stable. No other asset or commodity has performed that poorly.

                      And stop calling coupons an alternative to money. I honestly thought you were being facetious the first time you brought it up. Try issuing your own currency and see what happens to you. There is NO currency competition in NZ. If you issue paper money as a medium of exchange, even if it is backed by a corresponding asset, you will go to prison. End of.

                      “Maybe one day you’ll be right and government will fuck up so badly that I can (but that will probably be “run for the hills” time anyway).”
                      Erm, well yea. That is kind of my point.

                      “to speculate on internal currency fluctuations like day-traders”
                      Good job! You thrashed that straw man to pieces! I almost feel sorry for him.

                      Currency fluctuations are caused by central banking practices. ie fiat money. If we had gold as our currency people with savings would be richer today than they were a year ago. Simply through deflation. Not even looking at appreciation in the value of the commodity. People wouldn’t need to speculate. Speculation is a by product of the inflation endemic in the issuance of a monopoly fiat currency.

                    • McFlock

                      Rusty, if you can’t identify the subject of a pretty simple paragraph, I’m not surprised you’re a tory.
                                    
                      Firstly, the RBA did come in as part of 4Lab. That does not make it bad. So did nuclear free legislation. I’m sure Roger Douglas was nice to a small child around that time, too. What makes RBA of the late 80s a truly crap idea is that it was solely obsessed with inflation as a target, rather than including GDP and unemployment. Add targets for those two – as a start – and it becomes quite interesting in a good way.  Hence the “that” – change the description that the RB works to in the RBA, i.e. the fixation on inflation. Meaning as soon as the economy starts growing, we don’t have the RB trying to slow everything down because unemployment is falling.
                               
                      Your obsession with central banking is typical of a knee-jerk “govt bad, therefore central banking bad” response, rather than actually looking at the whole subject. I don’t see the inconsistency from what I ight have said previously, but feel free to provide a link.    

                            

                      “the public money supply is so stable”
                      Stable compared to what?

                       Again, your inability to understand English. Preceding sentence you failed to quote: “People flee from a public currency when the cost of losing its value exceeds the benefit that universal tender gives them.” So the the value the public money loses (its instability) is smaller than the economic benefit people gain from being able to use it everywhere in NZ. Unless of course you can find me a law in NZ that prohibits me from issuing a promisary note that can be redeemed at any time for a given quantity of gold or potatoes.
                       

                      I wouldn’t call a 70% devaluation since 1970 stable. No other asset or commodity has performed that poorly.

                       
                      Not one asset? In the world? How about those transrail shares bought in the 1990s? DotCom bubbles? Real estate bubbles?  Zimbabwe farmland? Enron shares? A 1975 mini cooper? A monohull oil tanker built at the same time?   
                          
                      And you assume that “decentralised” money isn’t equally vulnerable to inflation and speculative devaluation.

                      If you issue paper money as a medium of exchange, even if it is backed by a corresponding asset, you will go to prison. End of.

                      Source? I’ve not heard that one before. Coupons count, IMO, because they are tokens that are exchanged for goods or services. Like dollars.
                       

                      “Maybe one day you’ll be right and government will fuck up so badly that I can (but that will probably be “run for the hills” time anyway).”
                      Erm, well yea. That is kind of my point.

                      What, that if government cash screws up I WILL be able to use McD coupons instead of dollars? But that petrol stations simply choose to not accept McDs vouchers today because they aren’t allowed?
                       
                       

                      Currency fluctuations are caused by central banking practices. ie fiat money. If we had gold as our currency people with savings would be richer today than they were a year ago. Simply through deflation. Not even looking at appreciation in the value of the commodity. People wouldn’t need to speculate. Speculation is a by product of the inflation endemic in the issuance of a monopoly fiat currency.

                      So gold prices are guaranteed to go up forever? People who invested in property over the last few years experienced the opposite. People speculate about gold. Companies expanding mines into lower-yield areas are speculating that the new high prices will remain in place long enough for the more expensive mining practices to still make a profit.
                         
                      And when you talk about “decentralised” money, are you talking gold or just everyone issuing script promising to be of the value of a certain quantity of whatever-the-fuck?
                             

      • rosy 8.1.3

        Or we’ll just start taking their democracy off them in little bits – ECan, CERA, super-city set-up, employee rights. Clearly the party in power doesn’t think much of democracy.

  9. The Baron 9

    Graph 1. “hey what else happened since 2008, beyond this govt’s control, that could explain this??!”

    Graph 2. Didn’t the labour party essentially promise to borrow even more than this over the next five years, had they have won? Aren’t you one of the voices, Zetty, that have screamed any number of times for fiscal stimulus to drive wage growth? Where do you think that stimulus would have come from?

    Oh that’s right, the solution to both is the magical money tree that Phil Goff found!

    You’re a partisan, hypocritical hack Zetitic. This strategy of outrage on finances still doesn’t work because the electorate isn’t full of the idiot public that you take them to be.

    • shreddakj 9.1

      1. That global recession that our Dear Leader assured us we were “roaring” out of.
      2. They said they were going to borrow to maintain the economy, which they would have done. That’s called being honest. Nact are borrowing to pay for things which destabilise the economy, like tax cuts for the rich.

    • Bored 9.2

      As usual Baron does not actually address the real issues, so some questions:

      Graph 1. “hey what else happened since 2008, beyond this govt’s control, that could explain this??!” yes the financial crisis….to which a prudent government might have responded how? (Try cancel tax cuts, examine carefully bail out facilities to SFC etc perhaps).

      Graph 2. Didn’t the labour party essentially promise to borrow even more than this over the next five years, had they have won? As above, when an unexpected event occurs perhaps a little prudence would dictate a different course of action like cancelling planned spending or shoring up income? Not having promised unaffordable tax cuts would have helped perhaps?

      Baron in his usual pillock way has postulated a “Labour equivalent” for the time Nact have governed whilst completely ignoring the reality the graphs demonstrate. That I suggest is a complete disregard by Key and English for prudence and an extreme hurry to place the burden of debt on the citizens for the benefit of a very few of their wealthy supporters.

  10. Huey,duey,luey could manage this economy better,key is borrowing $380 mil a week,he got caught out by borrowing more than he needs,a probe here please, also a probe into the fact
    that he is a shareholder in the bank of america where he is borrowing the money from,if
    he is borrowing more than needed,who is getting the benefit of those surplus funds?

  11. Bill 11

    …I’m in the camp that we need to earn more”

    You do get it, that the ‘we’ camp John claims to be a party to isn’t any camp seeking solutions with regards NZ, don’t you?

    The ‘we’ who have to earn more money are Johnny Boy and his ‘rip, shit and bust’ mates. And they’re setting it up nicely. And will be doing just fine soon enough…

  12. Kevin 12

    By the way Hoskings is not that bright and Key finds it easy manipulating him.

  13. (A different) Nick K 13

    John Key made a lot of money, therefore he must be doing the right thing for the country. I trust him and his cheesy smile over statistics any day.

  14. Blue 14

    When you give massive tax cuts right as a global recession hits, one of two things can happen.

    1. The tax cuts have a huge stimulatory effect, larger than has ever been recorded previously, boosting confidence and leading to a mass wave of consumption and investment while everyone is simultaneously nervously eyeing the rest of world to see if economic collapse is imminent.

    2. The Government is starved of revenue as consumption falls, jobs are cut, and exports plunge, leaving the Government to borrow lots of money and spin some bullshit about how the recovery is going to happen any moment now and they will be able to pay off the debt.

    Spending a billion on bailing out South Canterbury Finance investors probably didn’t look like such a great move after the Christchurch earthquakes hit either.

    Oh, to have had Michael Cullen as Finance Minister for another term.

    • shreddakj 14.1

      “One of two things can happen”

      Both of those things happened, almost. Nact cut taxes and starved revenue even further. This had zero stimulatory effect on the economy though, so that part of your scenario 1 didn’t happen at all. Then the government had to borrow a truckload because they had castrated the revenue stream, and didn’t put any of the money into schemes that would stimulate the economy. So they did everything just about as bad as they possibly could have. The worst of all worlds.

  15. Mark 15

    Just a question.. how much did the massive tax cuts cost.. if we can call that a cost rather than a theft reduction.
    And on what income bands did the greatest “cost” occur..
    What have the taxpayers done with the extra money they have been “given” 

    • shreddakj 15.1

      If I recall correctly, the latest round of tax cuts are leaving the government’s coffers about 2 billion dollars a year out of pocket. If John Key’s net worth is anything to go by, they’ve been busily increasing their own personal empires.

  16. Rusty Shackleford 16

    Notice how there’s no correlation between govt spending and GDP? You could extrapolate that out for decades and this axiom would remain.

    • McFlock 16.1

      And how do you get government spending from either of those graphs, Rusty?

    • Bored 16.2

      Even for you Rusty that is quite possibly the most stupid statement I have seen for a while. And it does not even relate to information on the graphs.

    • Draco T Bastard 16.3

      Government deficit closely matches private surplus. I think that’s the most telling statistic about the delusional economic theory we use.

  17. Rusty Shackleford 17

    The govt doesn’t spend the money it borrows? Interesting.

  18. McFlock 18

    Debt = spending – income, where income < spending.
          
    If you, say, cut income but maintain constant spending, then debt increases.
            
    So if you cut taxes and your spending remains the same, your debt goes up. 
       
    There is insufficient data in the graphs supplied to speculate on government expenditure levels. But don’t let that get in the way of your economic catechism. Freedom of religion, and all that.

  19. law 19

    Long term trend is an interesting look… seems the growth in debt has been on a steady increase since 2007 despite massive surpluses

    http://upload.wikimedia.org/wikipedia/commons/0/0f/New_Zealand_overseas_debt_1993-2010.svg

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    The Daily Blog | 29-09
  • GUEST BLOG: Pat O’Dea – A Prescient Post
    A very prescient pre-election post by Martyn Bradbury tells us why the Labour Party are at war now. “The NZ First-Labour Party attack strategy against Internet MANA better work” Despite Martyn Bradbury warning them this Right Wing strategy “Better Work”...
    The Daily Blog | 29-09
  • GUEST BLOG: Curwen Rolinson – W(h)ither Labour (!/?)
    There’s an old saying that success has many fathers, but failure is an orphan. Not so in the Labour Party, wherein soul-crushing defeat on a scale unseen since 1925 definitely has many fathers (and more than a few mothers and...
    The Daily Blog | 29-09
  • At the end of the day…
    At the end of the day…...
    The Daily Blog | 29-09
  • Cynicism towards Key’s sudden desire to help children in poverty
    Cynicism towards Key’s sudden desire to help children in poverty...
    The Daily Blog | 28-09
  • Internet MANA the election and the media
    I’ve been very critical of media reporting of Internet MANA during the election campaign and not surprised at the predictable response from representatives of the corporate media establishment. I wasn’t going to carry this further but was asked at the...
    The Daily Blog | 28-09
  • GUEST BLOG: Rachel Jones – A superficial discourse analysis of a superfic...
    On Sunday there was a story about Paddy Gower and his detached retina in the Herald on Sunday. Really? I hear you ask. Really? Yes, really. Pam Corkery will have sprayed toast crumbs over her dressing gown. The reporter has become...
    The Daily Blog | 28-09
  • Terrorising Australia’s Muslim population
    We should be suspicious when 800 police conduct “terror” raids across Australia, but only one person is charged with a relevant terrorism offence (of which we know few details). We should be suspicious of the lurid tales of terrorists planning...
    The Daily Blog | 28-09
  • Another Labour leader has resigned and as per usual, the media lost its min...
    Another Labour leader has resigned and as per usual, the media lost its mind. I know the Labour party has its problems and I’m not even going to try to prescribe what should be done about it. But what I...
    The Daily Blog | 28-09
  • GUEST BLOG: Anjum Rahman – Loyalty, Leadership and the Labour Party
    My first after the election and I can only say I’m feeling pretty sad.  It was a terrible result, and feels even more so knowing the number of volunteers hours, hard work & sacrifice made by so many people who...
    The Daily Blog | 27-09
  • A Study in Party Stability
    . In terms of long-term stability, one party above stands above all others, with the exception of personality-driven groups such as NZ First and United Future. That party is the Greens. If the Labour Party wants to look elsewhere for...
    The Daily Blog | 27-09
  • Cunliffe vs Robertson – Round 2
    Much to the disappointment of the NZ Herald and other right wing pundits who have decided they would like to appoint the next Labour leader, Cunliffe has surprised by deciding to damn the Caucus and appeal directly to the members...
    The Daily Blog | 27-09
  • The tasks before the left and labour movement
    Anyone on the left would have been disappointed at the result of the election. There was an opportunity to win, but that got lost through a combination of factors. There were tactical decisions made by Labour, the Greens and Internet-Mana...
    The Daily Blog | 27-09
  • From Fiji’s dictatorship to ‘democracy’ – the AUT student team on t...
    Mads Anneberg’s profile on Ricardo Morris and Repúblika. David Robie also blogs at Café Pacific. THREE STUDENTS from AUT University covered Fiji’s historic “from dictatorship to democracy” general election this month. While the election arguably legitimised Voreqe Bainimarama’s so-called 2006...
    The Daily Blog | 27-09
  • David Cunliffe Resigns As Labour Leader – Forces Robertson Out of the Bel...
    David Cunliffe has made a smart move, resigning as the leader of the Labour Party so as to force a leadership primary campaign. The move draws rival Grant Robertson out of the beltway to parts of the country where he...
    The Daily Blog | 27-09
  • Deep thought vs Deep prejudice
    . . This letter to the editor appeared in The Listener, on 27 September, and caught my attention; . . Mr Dawson wrote in response to one of those typically unthinking comments which  condemned the poor for their “unbridled, reckless...
    The Daily Blog | 27-09
  • The NZ National voters elected
    The NZ National voters elected...
    The Daily Blog | 26-09
  • GUEST BLOG: Kate Davis – The post election postmortem is giving me post p...
    I feel the need to contribute to the discourse. This is a new experience for me. Not having an opinion, but expressing it on a popular forum in a public sphere. That’s why I have waited till now and put...
    The Daily Blog | 26-09
  • A dictionary of education terms and definitions, brought to you by the let...
    Free to all TDB readers, please enjoy your very own cut-out-and-keep handy primer of terms that I predict you will need to know over the next three years… Achievement Gap (noun) Synonym for wealth gap. ACT (abstract noun) Intangible. Reported to exist in...
    The Daily Blog | 26-09
  • A Mines Rescue brigadesman’s perspective on the Pike River Mine
    My husband and I lived in Greymouth in 2010, we were a coal mining family.  The day Pike River Mine blew up and the days following changed us profoundly, as it did for so many.  This is a Mines Rescue...
    The Daily Blog | 26-09
  • The Left Triumphant! A Counterfactual History of the Last Twelve Months.
    DID IT REALLY HAVE TO END LIKE THIS? Reading through the commentary threads of the left-wing blogs it is impossible to not feel the anger; the sense of betrayal; the impression of having had something vital ripped from their grasp;...
    The Daily Blog | 26-09
  • GUEST BLOG – Myles Thomas: The media won it!
    Make no mistake, John Key is a clever communicator – reasonable, authoritative and relaxed – but without the media he wouldn’t be PM. Depending on your viewpoint, New Zealand’s news media are either a bunch of Grey Lynn lefties or...
    The Daily Blog | 25-09
  • Not Learning Lessons Past: the West’s Response to IS
    In an earlier posting Ukraine, United Kingdom, Ireland, Scotland, I noted that the first lesson of conflict learned by Robert McNamara was “understand your adversary”. If we have honourable objectives, our first and most important weapon is empathy. In the Vietnam War,...
    The Daily Blog | 25-09
  • GUEST BLOG: Dr Jarrod Gilbert – Proof of David Farrar’s deception: my ...
    In the lead up to the election the Minister of Corrections Anne Tolley launched a gang policy. In order to justify the government’s approach she used gang figures that overstated the gang problem. Not by a little bit, but a...
    The Daily Blog | 25-09
  • SPECIAL FEATURE: Stuart Nash – Red To The Rescue?
    SPECIAL FEATURE by Selwyn Manning. IF THE ELECTION RESULT which was dished out to Labour was not enough to incite an immediate leadership primary, then the caucus’ refusal to recognise David Cunliffe as the leader should cement it. Now is...
    The Daily Blog | 25-09
  • Has the one party state crackdown begun already? Left wing NZ activist grou...
    Well known left wing activist social media group, ‘John Key Has Left Down NZ’ has been shut down on Facebook. At 11.40pm last night, Facebook, without any warning shut the group down siting a breach of terms of service as...
    The Daily Blog | 24-09
  • Why Cunliffe should probably just let Nash & Robertson win
    We have to face some very unpalatable home truths. If you are a left wing political person, best you put your vote now to the Green Party, although you’ll have to do that all the while the Greens frantically tell you...
    The Daily Blog | 24-09
  • The graceless win of Kelvin Davis
    The graceless win of Cameron Slater’s mate in the North, Kelvin Davis is difficult to swallow. Here Cameron Slater’s mate in the North is shitting on Hone Harawira by calling Hone all steam, no hangi as Kelvin rubs his ganged up win into...
    The Daily Blog | 24-09
  • So Labour shifted too far to the left?
    So Labour shifted too far to the left?   Here’s the ill-judged view of Josie Pagani in the Pundit “Labour must change”: “At the last election I made myself a heretic when I wrote a column mentioning how unpopular the...
    The Daily Blog | 24-09
  • Uncomplicated Loyalties: Why Cunliffe and the Labour Left Cannot Win
    THE STORY of David Cunliffe’s leadership of the Labour Party has been one of missed opportunities and unforced errors. That he was the only choice available to those who wanted to rid the Labour Party of its neoliberal cuckoos is...
    The Daily Blog | 24-09
  • So we can expect this now?
    So we can expect this now?...
    The Daily Blog | 23-09
  • Can Labour be saved? Why Whaleoil & National won and why we need a new ...
    As the shock of my optimism that NZers would recoil from the real John Key as exposed by Dirty Politics and mass surveillance duplicities wears off, I am surprised to find that the right in NZ are not content with...
    The Daily Blog | 23-09
  • Three more years (up shit creek and paddling hard)
    “If the future is not green, there is no future. If the future is not you, there is no future”. Emma Thompson’s stirring words to the climate marchers in London last Sunday are worth considering in the aftermath of the...
    The Daily Blog | 23-09
  • One Party State
    In years to come this election will be seen as a historic turning point towards one party rule. I don`t mean this literally, absolute single party dictatorship is not in prospect. In the New Zealand context though, one party has...
    The Daily Blog | 23-09
  • No More. The Left Falls.
    . We cannot be beaten down Because we are down already. We can only rise up and if you should beat us down, We will rise again. And again. And again… And when you tire of beating us down, We...
    The Daily Blog | 23-09
  • Hang tight everyone – Marama Davidson campaign reflection
    To the many people who had expressed their overwhelming support for me to enter Parliament this election – thank you. That the Greens held steady in a big loss for progressive politics is an achievement. We are hopeful that after...
    The Daily Blog | 22-09
  • New flag for NZ once Key signs TPPA
    New flag for NZ once Key signs TPPA...
    The Daily Blog | 22-09
  • Reflecting on Elections Past
    There are a number of past elections that can give the left in New Zealand guidance and hope. Two major points though. Major parties require leaders who can bridge the political divide through strength of personality, vision of what it...
    The Daily Blog | 22-09
  • GUEST BLOG: Kelly Ellis – The Reptile Room
    I stress, at the outset, that I’ve got nothing against reptiles. Some of my best friends are reptiles. Some say I am one, but I’m not really. I just emulate that ability to sit, stationary for hours in court, eyes...
    The Daily Blog | 22-09
  • The success of right-wing counter messaging in the election
    One of the reasons National won the election was due to its success in counter messaging – and the way so many media commentators ran with th the right-wing spin. Here are some examples. Dirty Politics The original message was...
    The Daily Blog | 22-09
  • New Flag competition
    New Flag competition...
    The Daily Blog | 21-09
  • No time for self-pity
    After 23 meetings across the largest non-Maori electorate in the country – almost all of which went fantastically, approx 4,500km on the odometer, positive MSM and social media coverage, and polling well, I admit my team and I headed to...
    The Daily Blog | 21-09
  • The 30 second speech that could have saved the Moment of Truth
    As the dust settles and we struggle to understand what the bloody hell happened on Saturday, many point to Kim’s failure at the Moment of Truth to present his evidence. I think that Kim was poorly advised and that politics requires a...
    The Daily Blog | 21-09
  • Internet MANA and the 2014 election
    It was always going to be a hard task for Hone Harawira to hold onto his Te Tai Tokerau seat when the political establishment united in a coalition to defeat him and the chance for Internet MANA to bring more...
    The Daily Blog | 21-09
  • New Zealand Red Cross Responds to Drought in Tonga
    New Zealand Red Cross has sent an aid worker and two desalination units, to turn seawater into safe drinking water in the drought-hit Ha’apai islands of Tonga....
    Scoop politics | 30-09
  • Can you ever tell if an email is real or forged?
    Computer industry veteran Brian Eardley-Wilmot warns that we should never take claims about stolen emails at face value....
    Scoop politics | 30-09
  • NZ MPs to attend the ASPG Annual Conference in Sydney
    New Zealand MPs to attend the Australasian Study of Parliament Group Annual Conference in Sydney...
    Scoop politics | 30-09
  • Independent Maori seats still needed in Parliament
    “He’s got to be joking!” is the reaction of the president of the Maori Party, Rangimarie Naida Glavish to a call by a former Labour Minister of Maori Affairs, Dover Samuels, for debate by Maori on whether the Maori electorates...
    Scoop politics | 30-09
  • Support for Democratic Rights in Hong Kong
    Rallies supporting the rights for universal suffrage will take place all over New Zealand today and tomorrow...
    Scoop politics | 29-09
  • Trout Mass-Poisoned in New Zealand
    Trout Mass-Poisoned in New Zealand The Graf Boys New Zealand has some of the best trout fishing in the world! Every year thousands of international visitors wade pristine rivers in search of the freshwater game fish....
    Scoop politics | 29-09
  • New Zealand’s 2014 Hottest Vegetarians Crowned
    With winter gone things are heating up, and things just got even hotter with the crowning of New Zealand’s hottest vegetarians, says animal advocacy group SAFE. Marking World Vegetarian Day, 1st October, director James Napier Robertson and actor...
    Scoop politics | 29-09
  • A day to remember our duty to look after our senior citizens
    Human Rights Commissioner Dr Jackie Blue says International Day of the Older Person (1 October) is a United Nations day to celebrate our senior citizens, but also acknowledge the need to protect our kaumatua, or older people from abuse and...
    Scoop politics | 29-09
  • Clear data needed on impact of benefit sanctions on children
    A lack of data on benefit sanctions means there is no way of knowing whether welfare reform is helping or harming children, says Child Poverty Action Group....
    Scoop politics | 29-09
  • The socialist alternative to austerity and war
    Public meeting: After the New Zealand election—the socialist alternative to austerity and war By Tom Peters 29 September 2014...
    Scoop politics | 29-09
  • New recruits to boost border protection
    Twenty six new recruits began an intensive nine-week training course in Auckland today that will see them graduate as Customs officers in time for the busy summer season....
    Scoop politics | 29-09
  • Dwindling Mallard population shows up ‘pest’ myth
    The pro hunting organisation Fish & Game is researching the causes of the decline of the mallard duck population, upset at the prospect of fewer ducks to kill....
    Scoop politics | 29-09
  • Support for Democratic Rights in Hong Kong
    New Zealanders in Auckland will gather on Wednesday to support the rights for universal suffrage in Hong Kong....
    Scoop politics | 29-09
  • Campbell Live Exclusive Interview with David Cunliffe
    David Cunliffe resigned as leader of the Labour party on Saturday; but he still wants the top job....
    Scoop politics | 29-09
  • Action needed on cycling safety
    “Clearly we aren't doing enough to protect the 1.5 million New Zealanders who ride bikes,” said Mr Morgan....
    Scoop politics | 29-09
  • World Rivers Day Passes Without A Whimper
    Sunday 28 September was World Rivers Day to celebrate clean, flowing rivers and caring about them. But a recreation-conservation advocacy the Council of Outdoor Recreation Associations of NZ (CORANZ) says the day seems to have slipped by without...
    Scoop politics | 29-09
  • The Kiwifruit Claim: Q&A
    1. Who is running The Kiwifruit Claim? The Kiwifruit Claim was founded by kiwifruit growers representing well in excess of 10% of the industry. 2. Why are you running this claim? The introduction of Psa into New Zealand had devastating...
    Scoop politics | 29-09
  • Fed Farmers Need to Be Weaned
    The Taxpayers’ Union is calling on Federated Farmers to make a firm commitment to reject any future Government funding, after it was revealed that the lobby group had received over $200,000 of payments in recent years....
    Scoop politics | 29-09
  • Children paying the price for charter school stitch up
    New Zealand children will be paying a high price for a one-seat deal between ACT and National, with an expansion of the beleaguered charter school system says education union NZEI Te Riu Roa....
    Scoop politics | 29-09
  • Hikoi From North Reaches Oil Conference Tomorrow
    Today: The Hikoi opposing Statoil plans for seismic testing and deep sea oil drilling has marched through Dargaville and later be welcomed to Piringatahi Marae, West Harbour,Tamaki Makaurau/Auckland....
    Scoop politics | 29-09
  • Communities Still Count
    The efforts of many organisations to influence the electorate and the political parties they voted for in the lead up to the 2014 Election is over. The voting public has spoken and provided a strong endorsement to the centre-right National...
    Scoop politics | 29-09
  • Eleven social enterprises get ready to take off
    Eleven teams from across the country will take part in the Launchpad, Ākina’s programme to get social enterprise ideas off the ground....
    Scoop politics | 29-09
  • An open letter to the Prime Minister
    in which Transparency International New Zealand asks the Prime Minister to ensure integrity underpins all work he leads "in the best interests of all New Zealanders"...
    Scoop politics | 29-09
  • Paula Bennett ‘great work’ acknowledged – McVicar
    “Paula Bennett, as Minister of Social Development, has contributed significantly in lowering our crime rate and preventing further victims.” - McVicar...
    Scoop politics | 29-09
  • Key’s Restraint in Propping up ACT Welcomed
    The Taxpayers’ Union is welcoming the announcement that ACT MP David Seymour will not be appointed as a Minister....
    Scoop politics | 29-09
  • Only Concession is from the Taxpayer
    Responding to the confidence and supply agreement reached between John Key and Peter Dunne’s United Future Party, Taxpayers’ Union Executive Director Jordan Williams says:...
    Scoop politics | 29-09
  • A Tent for Any Tenant
    AUT students and Salvation Army Manukau Community Ministries team up to raise awareness, as South Auckland’s housing situation moves from crisis to collapse...
    Scoop politics | 28-09
  • Cycle Safety Panel Draft Report Seeks Comments
    The Cycle Safety Panel Draft Report and Recommendations was published on 25th September 2014 and the panel are inviting comments. Lucinda Rees from NZ School Speeds, the organisation campaigning for consistent speed limits outside schools, is encouraged...
    Scoop politics | 28-09
  • Labour’s Review – Terms of Reference Agreed
    Labour's Review - Terms of Reference Agreed Following a meeting of its ruling New Zealand Council yesterday, Labour has released the terms of reference for the comprehensive review initiated following its 2014 election result. The review will comprise three...
    Scoop politics | 28-09
  • The final countdown for Kiwi smokers
    There are just two days left until many smokers stubb out their cigarettes for the last time and embark on Stoptober – New Zealand’s first national quit-smoking month....
    Scoop politics | 28-09
  • “In A Democracy People Win And People Lose”
    “In A Democracy People Win And People Lose” – Chris Hipkins Labour Senior Whip I would say to all of the caucus and all of the members let's actually hear the arguments from the people who want to be leader,...
    Scoop politics | 28-09
  • Campaign to make Murder of Unborn ”Safe and Legal”
    The IPPF have launched an international campaign through its 161 affiliates including the New Zealand Family Planning Association [NZFPA] to make the murder of the unborn safe and legal and accepted as a human right. This is an acceleration of...
    Scoop politics | 28-09
  • Grant Robertson Labour leader hopeful on TVNZ Q+A
    “Look I think what we need to be is relevant, clear and consistent with New Zealanders about the Labour Party's values,” said Labour leader hopeful Grant Robertson on TVNZ’s Q+A programme....
    Scoop politics | 28-09
  • Labour Needs to Get House in Order Before Deciding Leader
    Ex Labour party leader and possible repeat contender David Shearer says the Labour Party is going about the post-election period in the wrong way....
    Scoop politics | 28-09
  • Hate merchants at it again with smear tactics
    “It’s disappointing to see the hate merchants at it again with yet another attempt to smear and silence a health professional who’s doing research they disagree with,” says Ian Powell, Executive Director of the Association of Salaried Medical Specialists...
    Scoop politics | 28-09
  • Women’s group heartened by response to promo girls
    The National Council of Women of New Zealand is heartened by the strong response to the inappropriate use of bikini-clad girls at a technology expo....
    Scoop politics | 27-09
  • Owen interviews Jim Anderton, Helen Kelly and Selwyn Pellet
    Lisa Owen interviews Jim Anderton, Helen Kelly and Selwyn Pellet ___________________________________________ The Nation on TV3, 9.30am Saturdays and 10am Sundays. Check us out online , on Facebook or on Twitter . Tell us what you think at thenation@mediaworks.co.nz or text...
    Scoop politics | 27-09
  • Owen interviews Mark Boyd, Jonathan Milne and John Minto
    Lisa Owen interviews Mark Boyd, Jonathan Milne and John Minto ___________________________________________ The Nation on TV3, 9.30am Saturdays and 10am Sundays. Check us out online , on Facebook or on Twitter . Tell us what you think at thenation@mediaworks.co.nz or text...
    Scoop politics | 27-09
  • Prime Time on Labour
    Mike Smith - former General Secretary of the NZ Labour Party Jim McAloon, Assoc Prof, Victoria University of Wellington History Department (currently writing official history of the Labour Party) Rob Salmond, consultant to Labour Leader's office and...
    Scoop politics | 27-09
  • Korero Mai Ki Ahau – Saturday 27 & Sunday 28 September 2014
    Saturday 27 September 2014 | One million people voted for National in last week’s election. Another million didn’t vote at all. In Kia Korero Mai this week, Eru Morgan talks to political commentator Henare Kingi about the figures and what...
    Scoop politics | 26-09
  • On The Nation this weekend: Labour, National, The Media
    This weekend on The Nation… Labour’s had its worst election result in 92 years, so what happens next? We’ll talk to former Labour president Jim Anderton, CTU president Helen Kelly, and tech entrepreneur and past donor Selwyn Pellett about the...
    Scoop politics | 26-09
  • Red Cross, Pacific leaders prepare for cyclone season
    The New Zealand Red Cross Pacific Advisory Group, met for the first time this week, to develop a disaster response plan for the upcoming Pacific cyclone season, which is forecast to be severe....
    Scoop politics | 26-09
  • Teachers support PM’s call for solutions to child poverty
    NZEI Te Riu Roa is pleased to hear that the Prime Minister is calling for new ideas to address child poverty....
    Scoop politics | 26-09
  • First batch of household protection kits arrives in Liberia
    Kits containing protective gear will equip a network of community-based Ebola care centres nationwide...
    Scoop politics | 26-09
  • Dr Paul Hutchison praised for work to reduce child poverty
    The Association of Salaried Medical Specialists (ASMS) has thanked retiring National MP Dr Paul Hutchison for his work to reduce child poverty....
    Scoop politics | 26-09
  • Bag snatch hero deserves a medal – McVicar
    The Justice Spokesman for the Conservative Party, Garth McVicar, is calling for the woman known as the bag-snatch hero to be awarded a medal for bravery....
    Scoop politics | 26-09
  • Police Remembrance Day
    This week, Police staff and others have been wearing the distinctive huia feather-shaped Police Remembrance Pin as they reflect on those who have lost their lives in service to the society they swore to protect. Police Remembrance Day falls on...
    Scoop politics | 26-09
  • Affordable Auckland Attacks Creeping Apartheid
    Affordable Auckland Leader Stephen Berry is disturbed by developments increasing the number of local body regions choosing racially based representation. The Waikato and Bay of Plenty Regional Councils already have Maori wards, while New Plymouth...
    Scoop politics | 26-09
  • Dairy Strategy Proving to be a Disaster
    The intensification of the dairy industry is proving to be a disaster, says SAFE. This comes after the forecast 2015 milk price payout was cut 12% by Fonterra this week. “Last year, the government effectively gave the green light for...
    Scoop politics | 26-09
  • Where Next for the Left?
    26 September 2014 A discussion of the post-election prospects for radicals, facilitated by Fightback. 6pm | Monday 28th September | 19 Tory St [ Facebook event ]...
    Scoop politics | 26-09
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