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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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    Labour | 06-09
  • Voting has started and still no tax plan or fiscal budget for voters to see
    "Even though voting for the election has already begun, National still refuses to provide any details of its proposed tax cuts. And Bill English admitted this morning that he won’t provide any specifics until after the election", Labour’s Finance spokesperson...
    Labour | 06-09
  • National’s partners’ tax plans cost at least $42 billion
    If National forms the next government its partners’ tax plans will cost the country at least $42 billion, and maybe as much as $50 billion, wreaking havoc with the books, says Labour’s Finance spokesperson David Parker. “National claims to be...
    Labour | 05-09
  • Labour: Providing more opportunities for young Kiwis
    A Labour Government will ensure every young Kiwi under the age of 20 is given the opportunity to be in work, education or training, and plans to develop a conservation apprenticeship scheme to help do that, Labour’s Youth Affairs spokesperson...
    Labour | 04-09
  • Candles out on teachers’ slice of birthday cake
    Today may be Novopay’s second birthday, but there’s little to celebrate, Labour’s Education spokesperson Chris Hipkins says. “Novopay has cost the taxpayer tens of millions of dollars already, and the cost is still climbing....
    Labour | 04-09
  • National’s blatant broadband pork barrelling misses the mark by a country...
    National’s blatant pork-barrelling ICT announcement today should reinforce a growing sceptical electorate’s view that they are all about the gift wrap and not the present, Labour’s ICT spokesperson Clare Curran says. “Instead of addressing the real issues - the woeful...
    Labour | 04-09
  • More evidence of the need to clean up the system
    The latest release of emails and messages between disgraced Minister Judith Collins and blogger Cameron Slater are more evidence of the urgent need to clean up politics, Labour MP Grant Robertson says. "This new evidence confirms a near constant flow...
    Labour | 04-09
  • Labour commits to stable funding for voluntary sector
    A Labour Government will establish long-term funding and streamline contract accountability for community and voluntary groups, says Labour’s spokesperson for the sector Louisa Wall. Announcing Labour’s policy for the community and voluntary sector, she said this would give much greater...
    Labour | 04-09
  • Better trained and skilled workforce under Labour
    Labour is committed to a skilled workforce that benefits businesses as well as their workers, and will increase workplace training to improve productivity and drive innovation, Labour Leader David Cunliffe says. “Labour believes the Government should support New Zealanders into...
    Labour | 03-09
  • Labour will make renting a better option
    Labour will provide greater security of tenure for renters, and build more state and social housing, says Labour’s housing spokesperson Phil Twyford. “Labour believes every kid deserves a decent start in life. That means a warm, dry and secure home....
    Labour | 03-09
  • At least 15 new taxes under National
    John Key is the last person to talk about creating taxes, presiding over a Government that has imposed at least 15 new taxes, Labour Leader David Cunliffe says. “John Key tried a novel line in the debate last night claiming...
    Labour | 03-09
  • Labour will strengthen New Zealand’s democracy
    A Labour Government will act quickly to protect and enhance New Zealand’s reputation as one of the most open and least corrupt countries in the world, Labour Leader David Cunliffe says. “The health of any democracy is improved by greater...
    Labour | 02-09
  • MANA Movement says tax cut on GST must be first priority – Minto
    “If Prime Minister John Key has money available for tax cuts then cutting GST must be the first priority”,  said MANA Movement Economic Justice Spokesperson John Minto. GST is a nasty tax on low-income families”, said Minto. “People in the...
    Mana | 02-09
  • The Maori Party’s Mana-Enhancing Relationship with National – Minto
    “First we had Cameron Slater and David Farrar backing Labour’s Kelvin Davis bid to unseat MANA Movement Leader and MP for Te Tai Tokerau Hone Harawira.  Now we have Slater writing a pro-Te Ururoa Flavell article on his website, Whale...
    Mana | 02-09
  • There’s Only One Poll That Counts
    “One of the oldest sayings in politics is that there is only one poll that counts – the one on Election Day – and that’s the one that I am focusing on” remarked the MANA Movement candidate for Waiariki, Annette...
    Mana | 02-09
  • Local communities critical to Civil Defence
    Labour will focus on empowering New Zealand communities to be resilient in Civil Defence disasters, says Labour’s Civil Defence spokesperson Clare Curran. Announcing Labour’s Civil Defence policy, she says that Labour will work with schools, voluntary agencies and community groups...
    Labour | 02-09
  • Labour looks to long-life passports, gambling harm review
    A return to 10 year passports and a review of gambling laws are highlights of Labour’s Internal Affairs policy released today. “More than 15,000 New Zealanders signed a petition calling on the Government to revert to the 10 year system...
    Labour | 02-09
  • MANA Movement Leadership stands strong behind Internet MANA relationship
    “There is now, and always will be, a range of views about many issues within our movement and members are free to express them, but Georgina’s views on Kim Dotcom are not shared by the MANA Movement leadership or the vast majority...
    Mana | 01-09
  • Rebuilding the New Zealand Defence Force
    A Labour Government will make it a priority to rebuild the capacity of the Defence Force to carry out the tasks expected of it, says Labour’s Defence Spokesperson Phil Goff. Releasing Labour’s Defence Policy today he said the NZDF has...
    Labour | 01-09
  • Speech to Canterbury Chamber of Commerce
    Today I'm going to talk about our policy package to upgrade and grow our economy and how we turn that growth into a foundation for a decent and fair society. But first I want to address the issue of our...
    Labour | 01-09
  • As if you needed another reason to boycott Telecom/Spark – they sold NZ d...
    It should read ‘never stop spying’. As if you needed another reason to boycott Telecom/Spark – they sold us down the river to the US by allowing the Southern Cross cable to be tapped… The ability for US intelligence agencies...
    The Daily Blog | 18-09
  • The NZ First-Labour Party attack strategy against Internet MANA better work
    The final days of the campaign are ticking down and Labour and NZ First are manoeuvring to kill off the Internet MANA Party by both backing Kelvin Davis for Te Tai Tokerau. It’s a risky gambit that they better pray to Christ...
    The Daily Blog | 18-09
  • Bill English’s latest insult to beneficiaries – apparently they are lik...
    National’s hatred towards the poor continues unabated as National desperately try to throw raw meat to their reactionary voter base in the hope to inspire enough hate and loathing to win back their redneck voters from the Conservative Party and from...
    The Daily Blog | 18-09
  • Eminem ain’t happy with John Key
    Eminem ain’t happy with John Key...
    The Daily Blog | 18-09
  • Key claims he did not inhale
    Key claims he did not inhale...
    The Daily Blog | 18-09
  • Final prediction on election result 2014
    What an election campaign. The character assassination of David Cunliffe kicked things off with the Herald on Sunday falsely claiming $100 00 bottles of wine, $15 000 books and $150 000 in donations  from a donor that turned out to be...
    The Daily Blog | 18-09
  • Live blog: Bainamarama takes commanding lead in Fiji elections
      Interview with Repúblika editor Ricardo Morris and Pacific Scoop’s Mads Anneberg. PACIFIC SCOOP TEAM By Ricardo Morris, Mads Anneberg, Alistar Kata and Biutoka Kacimaiwai in Suva WHILE the results are provisional at this stage, it is clear today that...
    The Daily Blog | 17-09
  • 5AA Australia: NZ Elections Two Days To Go! + Edward Snowden + Julian Assan...
    Recorded live on 18/09/14 – Captured Live on Ustream at http://www.ustream.tv/channel/multimedia-investments-ltd 5AA Australia’s Peter Godfrey and Selwyn Manning deliver their weekly bulletin: Across The Ditch. This week, they discuss the latest news as New Zealanders go to the polls on...
    The Daily Blog | 17-09
  • What has Colin Craig done for his Press Secretary to quit 2 days before ele...
    This is VERY strange.  Colin Craig’s Press Secretary Rachel McGregor, has quit 2 days before the election, allegedly telling ZB that Colin Craig was a “very manipulative man”. I’ve met Rachel many times in the past as Colin’s Press Secretary, she is...
    The Daily Blog | 17-09
  • “If you want steak, go to the supermarket and buy steak,” – A brief w...
    “If you want steak, go to the supermarket and buy steak,” said Key in the final leaders debate. Problem of course is that the 250 000 – 285 000 children living in poverty can not afford steak, milk, butter, eggs...
    The Daily Blog | 17-09
  • National’s final bash of beneficiaries before the election
    On cue, whenever National feel threatened, they roll out a little bennie bash just to keep their redneck voter base happy. Nothing like a bit of raw meat policy to keep National voters focused on the evil threat solo parents...
    The Daily Blog | 17-09
  • With All Of This In Mind, I Vote
    This is my last blog before the election and I really just want to speak from the heart. Right now in this country it seems to me that a lot of people consider the “essentials” in life to be simply...
    The Daily Blog | 17-09
  • Left has to vote strategically this election
    The dedication, loyalty, and tribalism of party politics means that sometimes the left lets itself down by not voting strategically. We all want our favoured party to get maximum votes, naturally, but the winner-takes-all approach doesn’t always suit multi-party left...
    The Daily Blog | 17-09
  • Dear NZ – as you enter the polling booth, stand up for your rights
    The last days before a NZ general election are a busy time as politicians make their pitch and party activists prepare to get out the vote. It is sort of weird watching from the distance of Europe the strangest election...
    The Daily Blog | 17-09
  • What is Waihopai, John, if it isn’t a facility for “mass surveillance...
    John Key assured us on RNZ’s Nine to Noon programme yesterday that “In terms of the Fives Eyes data bases… yes New Zealand will contribute some information but not mass wholesale surveillance.” How does this square with the operation of the...
    The Daily Blog | 17-09
  • GUEST BLOG: Catherine Delahunty – Mass Surveillance and the Banality of E...
    Renowned journalist and intellectual Hannah Arendt coined the phrase “the banality of evil” to describe the normalisation of genocide in Nazi Germany. I thought of her phrase when I was listening to Glenn Greenwald and other international whistle-blowers talking about...
    The Daily Blog | 17-09
  • Election. Down. To. The. Wire
    Funny how last week it was John Key winning by 50%, now it’s neck and neck. I have always believed this election would be down to the wire and it is proving so. The flawed landline opinion polls the mainstream...
    The Daily Blog | 17-09
  • 3rd Degree uses Whaleoil for story ideas as if Dirty Politics never happene...
    TV3s 3rd Degrees smear job on Kim Dotcom last night doesn’t bear much repeating. It was pretty pathetic journalism from a team who have brought us some great journalism in the past. It is sad to see 3rd Degree stooping...
    The Daily Blog | 17-09
  • Live blog: Bainimarama takes early lead in Fiji’s election
    Pacific Scoop’s Alistar Kata reports from yesterday’s voting. By Alistar Kata of Pacific Scoop in Suva Prime Minister Voreqe Bainimarama took an early lead in provisional results in the Fiji general election last night. With provisional results from 170 out...
    The Daily Blog | 17-09
  • Has The NSA Constructed The Perfect PPP?
    Former intelligence analyst and whistleblower, Edward Snowden – speaking live to those gathered at the Auckland Town Hall on Monday September 17, 2014. Investigation by Selwyn Manning. THE PRIME MINISTER JOHN KEY’s admission on Wednesday that whistleblower Edward Snowden “may...
    The Daily Blog | 17-09
  • No way – Key admits Snowden is right
    After claiming there was no middle ground. After claiming there was no mass surveillance. After calling Glenn Greenwald a henchman and a loser. After all the mainstream media pundits screamed at Kim’s decision to take his evidence to Parliamentary Privileges...
    The Daily Blog | 17-09
  • Bad luck National
    ...
    The Daily Blog | 16-09
  • The incredible changing John Key story on mass spying – why the Moment of...
    While the mainstream media continue to try and make the Moment of Truth about Kim’s last minute decision to prolong his battle against John Key past the election into the Privileges Committee, the reality is that the Moment of Truth...
    The Daily Blog | 16-09
  • GUEST BLOG: Curwen Rolinson – Themes of the Campaign
    There’s one area of a political campaign that just about everyone, at some point, falls afoul of. The campaign song. I’m not sure quite why it is, but it seems to be almost impossible for political parties to come up...
    The Daily Blog | 16-09
  • GUEST BLOG – Denis Tegg – The NSA slides that prove mass surveillance
    The evidence presented by Glenn Greenwald and Edward Snowden on The Intercept of mass surveillance of New Zealanders by the GCSB is undeniable, and can stand on its own. But when you place this fresh evidence in the context of...
    The Daily Blog | 16-09
  • Ukraine, United Kingdom, Ireland, Scotland
    The Ukrainian civil war discomforts me. It seems to me the most dangerous political crisis since the Cuban missile crisis of 1962. And it’s because of our unwillingness to examine the issues in a holistic way. We innately prefer to...
    The Daily Blog | 16-09
  • John Key’s love affair with a straw man – the relationship intensifies
    John Key’s love affair with the straw man is now a fully-committed relationship. It’s now the first love of his life. Sorry Bronagh. Yesterday I pointed to Key’s constant assurances that there is no mass surveillance of New Zealanders by...
    The Daily Blog | 16-09
  • A brief word on why Wendyl Nissen is a hero
    Wendyl Nissen is a hero. The sleazy black ops attack on her by Slater and Odgers on behalf of Grocery Council chief executive Katherine Rich is sick. All Nissen is doing in her column is point out the filth and...
    The Daily Blog | 16-09
  • She saw John Key on TV and decided to vote!
    . . NZ, Wellington, 15 September – ‘Tina’* is 50, a close friend,  and one of the “Missing Million” from the last election. In fact, ‘Tina’ has never voted in her life.  Not once. In ‘Tina’s’ own words, politics has...
    The Daily Blog | 16-09
  • Eminem sues National Party for unlawful use of ‘Lose yourself’ bhahahah...
    …ahahahahahahahaha. Oh Christ this is hilarious… National Party sued over Eminem copyright infringment US rapper Eminem is suing the National Party for allegedly breaching copyright by using his song Lose Yourself in its campaign advertisements. The Detroit-based publishers of Eminem’s...
    The Daily Blog | 16-09
  • Are the Greens about to be snookered by a Labour-NZ First Government?
    I wrote last week that it was smart politics that the Greens pointed out they could work with National, the soft blue vote that’s looking for a home in the wake of Dirty Politics isn’t going to Labour, so the...
    The Daily Blog | 16-09
  • BLOGWATCH: Fonterra join 2Degrees and boycott Whaleoil
    In the wake of Dirty Politics, advertisers are pulling their advertising out of Whaleoil. PaknSave, Evo Cycles Pukekohe, Localist, 2 Degrees, Fertility Associates, iSentia, NZ Breast Cancer Foundation, Maori TV, Bookme.co.nz, Dobetter.co.nz and the Sound are now joined by Fonterra...
    The Daily Blog | 16-09
  • PM Key accused of allowing secret ‘spook’ cable sensors to spy on citiz...
    Pulitzer prize-winning journalist Glenn Greenwald (left) and Kim Dotcom at the “moment of truth” political surveillance meeting in Auckland last night. Image: PMW By ANNA MAJAVU of Pacific Media Watch NEW ZEALAND Prime Minister John Key has been accused of...
    The Daily Blog | 15-09
  • Fiji pre-election ‘politics’ blackout stirs media protests, frustration
    BLACKOUT DAY – Monday, day one of the “silence window” in Fiji leading up to the close of polling in the general election at 6pm on Wednesday. And this is under the draconian threat of a $10,000 fine or five...
    The Daily Blog | 15-09
  • “Now the work of movements begins”: government corruption, media bias, ...
    I am so tired of the dirty politics of the National government, aren’t you? I am tired of John Key and his pathetic attacks on award-winning journalists who have spent their careers fighting and digging for truth and good. The...
    The Daily Blog | 15-09
  • Moment of Truth review, smoking guns and the awful coverage by the NZ msm
      There were queues unlike any the Town Hall has seen, 1000 were turned away once it became full…     …full to the rafters. The energy and atmosphere within the room was extraordinary, and it begun…   …Glenn Greenwald...
    The Daily Blog | 15-09
  • Why Maori TV’s Te Tai Tokeraou Poll will be proved wrong
    If Hone Harawira had a dollar every time the media wrote off his chance of winning Te Tai Tokeraou, he would have more money than Kim Dotcom. Remember the by-election? Hone was 1 point ahead of Kelvin in an exact...
    The Daily Blog | 15-09
  • September 15 RNZ interviews – and then the Moment of Truth
    . Acknowledgement: Emmerson . 15 September – Leading up to the Moment of Truth public meeting this evening, these Radio NZ interviews are worth listening to; . Alt link . Alt link . Alt link . Alt link . Alt...
    The Daily Blog | 15-09
  • Live Stream: Moment of Truth Tonight 7pm
    Live Video Stream by eCast: The Daily Blog will Live Stream the Moment of Trust public meeting from 7pm. The meeting will feature Glenn Greenwald, Kim Dotcom, Robert Amsterdam, and a very special guest…...
    The Daily Blog | 15-09
  • The proof Key lied about GCSB mass surveillance
    And we start getting to the evidence that proves Key has lied about mass surveillance. The article by Glenn Greenwald is out and it is beyond damning… Documents provided by NSA whistleblower Edward Snowden show that the government worked in...
    The Daily Blog | 15-09
  • A brief word on the Ede-Slater emails
    Every day I have rushed to read the paper to see if a breaking story on the Ede-Slater emails had broken yet. They haven’t. Day after day, where are these emails? We know Rawshark sent the emails to David Fisher...
    The Daily Blog | 15-09
  • The email that proves Key is a liar
    This is the Email proving Key knew about Kim Dotcom before he claims he did… “We had a really good meeting with the Prime Minister. He’s a fan and we’re getting what we came for. Your groundwork in New Zealand...
    The Daily Blog | 15-09
  • Henchmen
    Henchmen...
    The Daily Blog | 14-09
  • Why it simply isn’t credible that Key stepped in and shut down the mass s...
    Key’s staggering admission that yes there was a year long business model by the GCSB to mass spy on all of NZ but  that he stepped in and shut it down after Cabinet had signed it off just sounds like make...
    The Daily Blog | 14-09
  • John Key’s love affair with a straw man
    Politicians like putting up straw men for the purpose of self-righteously knocking them over. Prime Minister John Key has a particular straw man he loves to punch over. He raises it whenever he’s asked about mass surveillance of New Zealanders...
    The Daily Blog | 14-09
  • John Armstrong turns on Glenn Greenwald
    Where does a mediocre journalist like John Armstrong get off attacking a journalist with the credibility of Glenn Greenwald as he has in his ridiculous column today? Armstrong has the audacity to try and play the terrorism card to justify why...
    The Daily Blog | 14-09
  • GUEST BLOG: Denis Tegg – Which of John Key’s many statements on the GC...
    We already have Glenn Greenwald’s assertion on The Nation that John Key has misled New Zealanders as to whether the GCSB has engaged in mass surveillance of Kiwis. But Key has made many other statements about the GCSB’s powers and...
    The Daily Blog | 14-09
  • Election 2014: Numbers and Faces
    Democratic politics is a game of numbers and faces. How can we translate the numbers into the 120 or more faces that will be in the next Parliament? Below is my prediction of a likely result: 120 people, divided by...
    The Daily Blog | 14-09
  • Scotland the brave
    The possibility that Scotland will vote for independence this Thursday has panicked the British establishment. An unholy alliance of Tory, Labour, Liberal and corporate leaders has resorted to fear-mongering and bullying on grand scale in a last ditch effort to...
    The Daily Blog | 14-09
  • Why Key’s denials sound so off and why Dotcom’s fight is all our fight
    The shrillness of Key is the issue. His denials just too forced and rehearsed. Key has gone from Hollow Man to Shallow Man with his lashing out at Pulitzer Price winning Journalist Glenn Greenwald by calling him a ‘henchman’. This...
    The Daily Blog | 14-09
  • Live Election Night Coverage on TV And Online
    Māori Television’s KOWHIRI 2014 – ELECTION SPECIAL kicks off at 7.00pm this Saturday with a five-hour broadcast focusing on the Māori electorates....
    Scoop politics | 18-09
  • Judge’s Decision Disappoints Fish & Game
    Today’s decision to give a Temuka man 100 hours of community service for selling sports fish to the public has disappointed Fish & Game, which believes the sentence handed down was “too lenient and will not go far enough to...
    Scoop politics | 18-09
  • Cutting-Edge Graphics Fire up TV3’s Election Night Coverage
    TV3’s Election Night coverage, hosted by John Campbell, will be enhanced by cutting-edge graphics that will showcase the night’s results....
    Scoop politics | 18-09
  • Govt rushes to open charter schools in New Year
    The government’s decision to approve four new charter schools last week to open in January next year goes against the Minister of Education’s own advice that the schools ought to have at least a year’s preparation time....
    Scoop politics | 18-09
  • 7 Days And Jono And Ben at Ten Hijack Election Weekend
    The 7 Days and Jono and Ben at Ten (JABAT) comedians are running their own version of election coverage, with a schedule of entertainment and comedy across TV3, Kiwi FM, the web and social media this Friday and Saturday under...
    Scoop politics | 18-09
  • Fewer Prisoners Equals Less Crime
    In its latest blog, ‘Abolishing Parole and other Crazy Stuff’,’ at http://blog.rethinking.org.nz/2014/09/krill-and-womble-independent-policy.html , Rethinking Crime and Punishment urges government to rethink its approach to releasing prisoners. “The public expectation is that the excellent reductions in the crime...
    Scoop politics | 18-09
  • McVicar slams his political opponents
    I want a safe and prosperous society and that can only be achieved if we have strong and vi-brant families – McVicar...
    Scoop politics | 18-09
  • Falling economic growth – wage rises overdue
    “The lower GDP growth in the three months to June is further evidence that growth has peaked. New Zealand’s economy is on the way down to mediocre growth rates,” says CTU economist Bill Rosenberg. “Yet wage rises are still weak...
    Scoop politics | 18-09
  • Get Out and Vote campaign a success
    Tens of thousands of workers from all around New Zealand have embraced the Get Out and Vote campaign and have created their own personalised voting plan, the CTU said today. “With three days of voting left in the 2014 General...
    Scoop politics | 18-09
  • Animal Research Failing – So Do More Animal Research?
    Victoria University of Wellington is about to host a lecture on why the success rates of pharmaceutical development is so low and what can be done about it. The New Zealand Anti-Vivisection Society (NZAVS) welcomes discussion on this important...
    Scoop politics | 18-09
  • ALCP welcomes Prime Minister’s cannabis comments
    Mr Abbott's comments came on the same day as New South Wales and Victoria states announced they would be doing clinical trials of cannabis....
    Scoop politics | 18-09
  • Conservative Party Press Secretary Resignation
    The Conservative Party is given to understand that this morning Press Secretary, Miss Rachel Macgregor resigned althought no formal advice of this has yet been received....
    Scoop politics | 18-09
  • By ACT’s logic, Epsom should vote for Conservative Candidate
    “Polling released late in the campaign shows that ACT is a busted flush and that by ACT’s own logic, centre-right Epsom voters should vote for the Conservative candidate”, says Labour candidate for Epsom Michael Wood....
    Scoop politics | 17-09
  • New online medical system
    Immigration New Zealand (INZ) is seeking registrations of interest for a new onshore panel physician network to support an online immigration health processing system....
    Scoop politics | 17-09
  • Students, You Have a Choice, Vote!
    The New Zealand Union of Students’ Associations (NZUSA) is imploring students to ensure they make their voices heard this election, and join the many thousands who have already heeded the call....
    Scoop politics | 17-09
  • Party vote ACT for three years of stability.
    Voters who are concerned that on the latest polls we may be heading for three years of instability have it in their hands to deliver a decisive result....
    Scoop politics | 17-09
  • Women’s Suffrage Movement – Get Out and Vote!
    Tomorrow, Friday 19th September, MANA Movement Candidate for Waiariki, Annette Sykes, will cast her vote at 12 noon at the Zen’s Building, Rotorua. This will follow a march through Rotorua that will assemble at 10am at City Focus, Rotorua. The...
    Scoop politics | 17-09
  • iPredict Daily Update
    David Cunliffe and Labour have made gains over the last 24 hours, according to the combined wisdom of the 8000+ registered traders on New Zealand’s predictions market, iPredict, but John Key’s National is still strongly expected to lead the next...
    Scoop politics | 17-09
  • Conservative’s Proposal to Abolish Parole Fatally Flawed
    The Conservative Party’s proposal to abolish parole doesn't stack up, however which way you look at it, concludes Kim Workman in Rethinking Crime and Punishment latest blog, ‘Abolishing Parole and Other Crazy Stuff’ at http://blog.rethinking.org.nz/2014/09/krill-and-womble-independent-policy.html...
    Scoop politics | 17-09
  • Special Edition : The letter 18 September 2014
    Dr Jamie Whyte has been giving thoughtful speeches largely unreported. So we thought we would put out an edited version on the speech he gave yesterday. The full speech is on the website....
    Scoop politics | 17-09
  • Differences in educational level reflected in voter choice
    Differences in educational level reflected in voter preferences The Green party has the highest proportion of tertiary educated supporters and NZ First has the least according to an analysis by the Election Data Consortium. The Consortium is made...
    Scoop politics | 17-09
  • Renters need assistance to improve poor housing conditions
    Thursday 18 September 2014 Renters are living in poorer conditions than homeowners and are less empowered to improve their housing situation according to a study by medical students at the University of Otago, Wellington. The fourth year medical...
    Scoop politics | 17-09
  • Pacific Island Affairs & NZ Police to work more closely
    The Ministry of Pacific Island Affairs Chief Executive, Pauline Winter, and The Commissioner of Police, Mike Bush, are this afternoon signing a Memorandum of Understanding (MoU) between the Ministry and the New Zealand Police....
    Scoop politics | 17-09
  • Te Hira Paenga sets the record straight
    In recent days there has been much speculation about my campaign in Te Tai Tokerau. Some commentators have suggested that I should step down or endorse the Labour candidate in an attempt to stop the Internet Party riding on the...
    Scoop politics | 17-09
  • Last Chance to Enrol to Vote – Don’t Miss Out
    Last Chance to Enrol to Vote – Don’t Miss Out If you’re not enrolled now, you need to hurry or you won’t be able to vote in this Saturday’s general election. “Election day is almost here, and it’s your last...
    Scoop politics | 17-09
  • Stuart Nash voted against wishes of Napier Electorate
    Napier Conservative Party Candidate Garth McVicar says the recent decision by the Advertising Standards Authority in reply to a complaint laid by Stuart Nash’s campaign manager confirms that Nash voted against the wishes of the Napier electorate. Robert...
    Scoop politics | 17-09
  • What price life asks Conservative Party
    The Conservative Party are asking what is the price of life if the killer of a defenceless homeless man who was viciously beaten and left to die was jailed for just 11 and a half years....
    Scoop politics | 17-09
  • National Stands To Lose Votes If Animal Welfare Is Ignored
    SAFE has presented Prime Minister John key with a 40,000 signature-strong petition calling for a farrowing crate ban....
    Scoop politics | 17-09
  • Statement From Kim Dotcom
    Tonight Third Degree broadcast issues raised by three former staff members who are in dispute with us....
    Scoop politics | 17-09
  • Three Internet-Mana Policies Blow the Bribe-O-Meter to Bits
    The Taxpayers’ Union has received advice that the cost of just three Internet-Mana policies is $17.6 billion - higher than the entire policy packages of the three main political parties combined. Taxpayers’ Union Executive Director Jordan Williams...
    Scoop politics | 17-09
  • Pregnancy Help Welcomes Green Party Packs for Newborn Babies
    Pregnancy Help applauds Metiria Turei acknowledging that “for many parents the birth of a new child is a highly stressful and financially straining time” and the desire for every child to thrive....
    Scoop politics | 17-09
  • McVicar Welcomes ASA Decision
    Napier Conservative Party Candidate Garth McVicar welcomes the Advertising Standards Authority’s decision to not uphold the pamphlet complaint of Robert Johnson, Campaign Manager for Napier Labour candidate Stuart Nash. The ASA acknowledged that one complaint...
    Scoop politics | 17-09
  • Whyte: In 12 months’ time, here is what will matter
    In three days’ time I will be elected along with a number of ACT MPs. I think the media will be surprised and ask how it happened?...
    Scoop politics | 17-09
  • Internet MANA Will Grant Special Residency to Edward Snowden
    Internet MANA will put the case to the new government to welcome global surveillance whistle blower Edward Snowden, granting him safe passage and residency in New Zealand....
    Scoop politics | 17-09
  • Ten millionth traveller uses SmartGate
    The 10 millionth traveller to pass through SmartGate, Customs’ automated passenger processing system, was greeted by Customs Manager Passenger Operations, Peter Lewis today at Auckland International Airport....
    Scoop politics | 17-09
  • Key vs. Cunliffe: Final Live NZ Election Reactor 7pm Tonight
    John Key and David Cunliffe go head to head for the last time tonight and you can decide who wins by driving the worm. This is the last live Election Reactor covering the debate tonight at 7pm on TV One....
    Scoop politics | 17-09
  • Offenders Get Road Safety Message
    Wellington Community Corrections partnered with emergency services, government agencies, organisations and Kapiti Coast District Council to deliver an innovative road safety programme to 70 community-based offenders at Southwards Car Museum on Tuesday 16...
    Scoop politics | 17-09
  • Proposed law to decriminalise Abortion
    http://images.tvnz.co.nz/tvnz_images/news2011/politics_news/12/q_a_interview__list_mp_jan_logie_n2.jpgRight to Life is disappointed that the Green Party is refusing to provide a response to the seven very important questions that have been addressed to Jan Logie, spokesperson...
    Scoop politics | 17-09
  • Election 2014 Will Be Costly
    The Taxpayers’ Union has today released the final update for its ' Bribe-O-Meter ' election costing website in the lead-up to Saturday’s general election. Taxpayers’ Union Executive Director Jordan Williams says:...
    Scoop politics | 17-09
  • Roy Morgan Poll September 17
    John Key set to win narrow election victory on Saturday as Labour/Greens slump puts Winston Peters in powerful position as NZ First surge to 8% Today’s New Zealand Roy Morgan Poll shows National (46.5%, up 1.5%) set to win a...
    Scoop politics | 17-09
  • Wahakura Package would provide warm welcome for babies
    The Greens Wahakura Welcome package announced yesterday is a wonderful example of child-centred policy which would help all children get a fair and equal start in life, says Child Poverty Action Group. CPAG health spokesperson Innes Asher says,...
    Scoop politics | 17-09
  • TPPA a Sellout to American Corporate Greed
    New Zealand will become a permanent prisoner to the United States’ greed and global arrogance if the Trans-Pacific Partnership Agreement (TPPA) isn’t stopped, warns Internet MANA....
    Scoop politics | 17-09
  • Wintry showers and blustery winds for Election Day
    As we head towards the weekend, it is time to look at what the weather will be for New Zealand's "Have Your Say" Day....
    Scoop politics | 17-09
  • New national secretary announced
    The PSA is pleased to announce the appointment of Erin Polaczuk to the role of national secretary....
    Scoop politics | 17-09
  • Public Secotr & TISA: On the cusp of something very special?
    Is the National Party keeping some things out of sight in case they frighten the electorate? Here is some worrying evidence that this may be the case....
    Scoop politics | 17-09
  • MPI ups yacht biosecurity ante
    Yachts arriving in Northland from overseas this season will face greater biosecurity scrutiny, says the Ministry for Primary Industries (MPI)....
    Scoop politics | 17-09
  • iPredict Election Update
    John Key’s National Party now has an 88% probability of leading the next government , most probably with the support of NZ First, according to the combined wisdom of the 8000+ registered traders on New Zealand’s predictions market, iPredict. There...
    Scoop politics | 17-09
  • Crowdfunding to Save Native Fish
    NZ Landcare Trust is offering an exciting project designed to assist native fish, as part of the launch of a new global crowdfunding category called 'The Landcare & Environment Collection.' This exciting step, aims to help raise funds and support,...
    Scoop politics | 17-09
  • New methods needed to reach non-voters
    Non-voters are much heavier users of the internet than those who do vote, while 43 per cent of non-voters say they never read a newspaper according to research released today by the Election Data Consortium....
    Scoop politics | 16-09
  • Parties sent home with report cards
    More than 2000 New Zealanders came together to run a full page ad in the Herald today asking all Parties what they will commit to do to clean up politics. The answers are in, and ActionStation has graded Parties on...
    Scoop politics | 16-09
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