Keynes

Categories under Keynes

  • No categories

The end of the post war boom

Written By: - Date published: 7:56 am, January 11th, 2023 - 87 comments

Tendancy for the rate of profit to fall

Throughout my time being active in politics, people have discussed the rise of Neo-Liberalism and the free market that occurred throughout much of the world from the late 1970s onwards. Yet few seem to really understand the reasons for this significant shift in economic policy at that time, which continues to shape our society today.

Aotearoa New Zealand approaches full employment

Written By: - Date published: 8:28 am, August 5th, 2021 - 84 comments

Yesterday Statistics New Zealand announced a dramatic drip in the unemployment rate as well as solid increases in wage rates and average weekly earnings for workers.  While the Government celebrated Employers thought it was a crisis.

The Government’s finances are in very good shape

Written By: - Date published: 7:55 am, December 17th, 2020 - 66 comments

The Government’s finances are in remarkably good shape.  Who would have predicted that dealing properly with a global pandemic would have had better results for the economy than timidly dealing with it and trying to ensure that economic activity continued? But by international levels our Government debt is already low and maybe now is the time to spend on vital areas such as poverty, climate change and the housing crisis.

C’mon Grant

Written By: - Date published: 10:40 am, November 18th, 2020 - 51 comments

This government must demonstrate that it has the ability to lead the New Zealand economy where it has stated it wants it to go. It does not want more headlines like the average house in Auckland now being priced at $1 million.

How Covid-19 is smashing councils

Written By: - Date published: 9:23 am, April 26th, 2020 - 69 comments

Just as most industries in New Zealand are firing thousands of people to cut costs, local government is getting ready to do the same.

What we were doing wasn’t working.

Written By: - Date published: 6:32 am, April 15th, 2020 - 112 comments

After the lockdown, it is tempting to try and go back to what we had before. To the familiar and comfortable, especially for us that were comfortable. Forgetting that for so many, things were anything but, comfortable. That won’t be happening. “Before” no longer exists.

UBI Now, Please

Written By: - Date published: 9:19 am, March 25th, 2020 - 75 comments

Universal Basic Income is on the Government’s Covid-19 survival agenda. NZ needs it now, and NZ will need it tomorrow too.

Labour to relax fiscal responsibility rules

Written By: - Date published: 9:00 am, May 24th, 2019 - 72 comments

Grant Robertson has announced there will be a relaxing of the fiscal responsibility rules, although not until after the next election.

Government with a plan

Written By: - Date published: 8:00 am, July 22nd, 2018 - 46 comments

Labour and New Zealand First Ministers under the first term of the sixth Labour government sitting in the Cabinet office.

The polls are great. Top work. But I’m getting worried about the entropy of this government already. Matthew Hooten and Karl Marx agree with me.

Bridges believes in trickle down

Written By: - Date published: 10:58 am, May 14th, 2018 - 199 comments

Simon Bridges has committed the twin political sins of not only believing in trickle down but in publicly confirming his belief.

Tripling down on financial illiteracy with Amy Adams (and MMT)

Written By: - Date published: 9:00 am, March 8th, 2018 - 128 comments

A 500-million Mark bank note from pre-war Germany

Amy Adams won’t commit to $11.7b, but she too has now become the third person to fall down the imaginary fiscal hole. How can National claim to have any soundness on finance if they won’t admit their criticisms on the economy are unreasonable and unfounded? And besides, aren’t National actually worse fiscal managers if ordinary people tend to get paid less under their regimes? We dive into some theory to thoroughly dispute even Steven Joyce’s/Amy Adam’s secondary criticism of “fiscal tightness,” although concede that two of the Budget Responsibility rules are probably stupid in order to do it.

Delivering the Green New Deal

Written By: - Date published: 3:40 pm, September 18th, 2016 - 3 comments

London-based macro-economist Ann Pettifor will speak on this topic at Wesley Church, 75 Taranaki Street, Wellington, on Tuesday 20 September at 5:30pm. Ann is a member of the Green New Deal Group, whose proposition  is designed to power a renewables revolution, create thousands of green-collar jobs and rein in the distorting power of the finance sector while making more low-cost capital available for pressing priorities. All welcome; more info inside.

Quantitative easing for the masses

Written By: - Date published: 8:25 am, March 13th, 2016 - 136 comments

It seems that “serious economists” are discussing something called “helicopter money”. Would it fly in NZ?

The great big list of John Key’s big fat lies (UPDATED)

Written By: - Date published: 7:00 am, January 27th, 2016 - 79 comments

How many more lies will John Key tell today in his so-called State of the Nation address? Virtual chocolate fish to whomever guesses the closest number.

A calculated feeding of the beasts within

Written By: - Date published: 2:13 pm, February 5th, 2015 - 76 comments

The social democracy of my youth has radically collapsed into our current culture of individualism, privatisation and personal greed.

Doing what works

Written By: - Date published: 9:21 am, November 4th, 2013 - 88 comments

One of Steven Joyce’s favourite refrains is that Labour is trying to take us back to the 1970s. You know, those dark days when unemployment was near non-existent, wages were high, growth was strong despite external shocks, we had nearly no foreign debt, profits stayed here, were we one of the richest and most egalitarian countries. He’s not far wrong.

I know, how about a Jobs Summit

Written By: - Date published: 10:57 am, January 12th, 2013 - 150 comments

Today, Fran O’Sullivan calls Key out on his complete failure on jobs: “If I have one New Year’s wish it is that John Key returns from his Hawaiian summer holiday brimming with enough determination to challenge the nation’s employers – and himself – to tackle youth unemployment.” In fact, she is the latest of the rightwing’s pundits to conclude neoliberalism has failed.

Sunday Reading

Written By: - Date published: 9:30 am, July 29th, 2012 - 1 comment

My regular Sunday piece of interesting, longer, deeper stories I found during the week. It’s also a chance for you to share what you found this week too. Those stimulating links you wanted to share, but just didn’t fit in anywhere (no linkwhoring).  This week: hiding tax, growing up neo-liberal and Syria.

The austerity death trap

Written By: - Date published: 7:15 am, October 25th, 2011 - 89 comments

In response to tough economic times, Government austerity programmes do more harm than good.  It’s a pretty simple equation based on the debt / GDP ratio.  With an election coming up soon, NZ needs to look for economic competence and a willingness to try new ideas, rather than muddling along deeper into the austerity death trap.

Keynes vs Hayek debate at the London School of Economics

Written By: - Date published: 12:28 am, August 6th, 2011 - 25 comments

BBC Radio 4 in the UK has a very interesting debate pitting followers of Keynes vs those of Hayek

Expansionary austerity – fail

Written By: - Date published: 9:00 am, April 21st, 2011 - 32 comments

Expansionary austerity is the idea that cutbacks in government spending can stimulate economic growth.  Empirical evidence shows that it doesn’t work.  Current experience shows that  it’s not working in Britain, and it isn’t working here.  Like “trickle down economics” this favourite of the political Right is not so much a theory as a deluded fantasy.

Building our future

Written By: - Date published: 12:00 pm, March 10th, 2011 - 69 comments

Facing a housing shortage in Auckland now and a massive rebuilding programme in Christchurch to come, the Government has announced the biggest public building initiative since World War 2. Thousands of unemployed young people will be paid to train as apprentices in building trades and contribute to their country’s future.

Institute for New Economic Thinking

Written By: - Date published: 10:30 am, December 23rd, 2010 - 3 comments

All those who think Keynes is dead (and those who merely wondered what happened to him) should check out the website of George Soros’s Institute for New Economic Thinking (INET). A remarkable range of economic luminaries are presented on video and powerpoint, most or all of them arguing for a radical Keynesian solution to the financial crisis.

Treasury: peering into the dark with a broken torch

Written By: - Date published: 12:09 am, November 2nd, 2010 - 55 comments

I saw Labour’s press release yesterday about the latest Treasury monthly statements. Basically, Treasury says ‘the economy’s a whole lot worse than we expected but we stand by our growth forecasts in the Budget’. Odd, because the Budget forecast 1.6% growth so far this year and it has actually been 0.7%. How good is Treasury at forecasting?

Lest we forget

Written By: - Date published: 1:45 pm, January 31st, 2009 - 49 comments

The New Republic has a good article on Keynes that points out the tendency for governments (specifically in the US) to flock toward Keynesianism during the bad times and ignore it when things pick up and to implement the facets of Keynesianism that suited their own agenda rather than the nation as a whole: If […]

CommentsOpinions

Recent Comments

Recent Posts

FeedsPartyGovtMedia

  • Ruakākā recreation centre opened

    A new multi-purpose recreation centre will provide a valuable wellbeing hub for residents and visitors to Ruakākā in Northland, Regional Development Minister Shane Jones says. The Ruakākā Recreation Centre, officially opened today, includes separate areas for a gymnasium, a community health space and meeting rooms made possible with support of ...
    BeehiveBy beehive.govt.nz
    1 day ago
  • Extra Government support for farmers and growers in Southland and parts of Otago

    Agriculture Minister Todd McClay, and Rural Communities Minister Mark Patterson announced up to $50,000 in additional Government support for farmers and growers across Southland and parts of Otago as challenging spring weather conditions have been classified a medium-scale adverse event. “The relentless wet weather has been tough on farmers and ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Government welcomes move to delay EU Deforestation Regulation

    Trade and Agriculture Minister Todd McClay today welcomed a move by the European Commission to delay the implementation of the European Union’s Deforestation Regulation (EUDR) by 12 months, describing the proposal as a pragmatic step that will provide much-needed certainty for New Zealand exporters and ensure over $200 million in ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Response to Ministerial Inquiry into School Property

    The Government is taking decisive action in response to the Ministerial Inquiry into School Property, which concludes the way school property is delivered is not fit for purpose. “The school property portfolio is worth $30 billion, and it’s critically important it’s managed properly. This Government is taking a series of immediate actions ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • New Government support for residential construction market announced

    The Government has announced a new support programme for the residential construction market while the economy recovers, Housing Minister Chris Bishop and Building and Construction Minister Chris Penk say.    “We know the residential development sector is vulnerable to economic downturns. The lead time for building houses is typically 18 ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • New appointment to the EPA board

    Environment Minister Penny Simmonds has confirmed the final appointee to the refreshed Environmental Protection Authority (EPA) board. “I am pleased to welcome Brett O’Riley to the EPA board,” Ms Simmonds says. “Brett is a seasoned business advisor with a long and distinguished career across the technology, tourism, and sustainable business ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Strengthening resilience with critical road improvement projects

    The Government has approved a $226.2 million package of resilience improvement projects for state highways and local roads across the country that will reduce the impact of severe weather events and create a more resilient and efficient road network, Transport Minister Simeon Brown says. “Our Government is committed to delivering ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Doubling road rehabilitation this summer to prevent potholes

    Kiwis will see fewer potholes on our roads with road rehabilitation set to more than double through the summer road maintenance programme to ensure that our roads are maintained to a safe and reliable standard, Transport Minister Simeon Brown says. “Increasing productivity to help rebuild our economy is a key ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Sir Jerry Mateparae appointed in Bougainville post-referendum moderator role

    Foreign Minister Winston Peters has welcomed the announcement of Sir Jerry Mateparae as an independent moderator, to work with the Government of Papua New Guinea and the Autonomous Bougainville Government in resolving outstanding issues on Bougainville’s future.    “New Zealand is an enduring friend to Papua New Guinea and the ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Latest census data highlights New Zealand’s growing ethnic diversity

    The latest 2023 Census results released today further highlight New Zealand’s growing ethnic and cultural diversity, says Ethnic Communities Minister Melissa Lee. “Today’s census results are further evidence of the increasingly diverse nature of our population. It’s something that should be celebrated and also serve as a reminder of the ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • FamilyBoost payments make ECE more affordable

    Parents and caregivers are now able to claim for FamilyBoost, which provides low-to-middle-income families with young children payments to help them meet early childhood education (ECE) costs.  “FamilyBoost is one of the ways we are supporting families with young children who are struggling with the cost of living, by helping ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • South Pacific defence meeting fosters collaboration

    This week’s South Pacific Defence Ministers’ Meeting (SPDMM) has concluded with a renewed commitment to regional security of all types, Defence Minister Judith Collins says. Defence Ministers and senior civilian and military officials from Australia, Chile, Fiji, France, New Zealand, Papua New Guinea and Tonga gathered in Auckland to discuss defence and security cooperation in the ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Minister welcomes larger Police recruitment wings

    Associate Police Minister Casey Costello has welcomed the Police announcement that recruitment wings at the Police College will be expanded to 100 recruits next year. “This is good news on two fronts – it reflects the fact that more and more New Zealanders are valuing policing and seeing it as ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Speech to the Minerals West Coast Forum

    Introduction Good morning! What a pleasure to be back in the stunning West Coast at one of my favourite events in the calendar.  Every time I come back here, I’m reminded of the Coast’s natural beauty, valuable resources, and great people. Yet, every time I come back here, I’m also ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Positive progress on Government health targets

    Health Minister Dr Shane Reti welcomes new data from Health New Zealand, saying it demonstrates encouraging progress against the Government’s health targets.  Health New Zealand’s quarterly report for the quarter to 30 June will be used as the baseline for reporting against the Government’s five health targets, which came into ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Supporting better access to data for Kiwis

    The launch of a new data tool will provide Kiwis with better access to important data, Statistics Minister Andrew Bayly says.  “To grow our economy and improve productivity we must adopt smarter ways of working, which means taking a more data driven approach to decision-making.  “As Statistics Minister one of ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Progressing remote building inspections

    The Government is progressing plans to increase the use of remote inspections to make the building and consenting process more efficient and affordable, Building and Construction Minister Chris Penk says.  “We know that the building and construction sector suffers from a lack of innovation. According to a recent report, productivity ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • PPTA accepts charter schools

    Associate Education Minister David Seymour welcomes the PPTA putting a proposal to members at its annual conference to change its constitution and allow membership of teachers who work in charter schools. “The PPTA has had a come to Jesus moment on charter schools. This is a major departure from the ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • New TAIC Chief Commissioner appointed

    David Clarke has been announced as the Chief Commissioner of the Transport Accident Investigation Commission (TAIC). David Clarke is a barrister specialising in corporate and commercial law and he has over 20 years experience in governance roles in commercial, public and charitable sectors. He also is a current TAIC Commissioner. ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Government secures market access for blueberries to Korea

    The Government has secured market access for New Zealand blueberries to Korea, unlocking an estimated $5 million in annual export opportunities for Kiwi growers Minister for Trade and Agriculture Todd McClay today announced.  “This is a win for our exporters and builds on our successful removal of $190 million in ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • South Pacific Defence Ministers meet in Auckland

    Partnership and looking to the future are key themes as Defence Ministers from across the South Pacific discuss regional security challenges in Auckland today, Defence Minister Judith Collins says. The South Pacific Defence Ministers’ Meeting (SPDMM) brings together Defence Ministers, Chiefs of Defence and Secretaries of Defence from New Zealand, ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Keytruda, CGMs, and FamilyBoost welcomed

    In a triple whammy of good news, 1 October heralds the beginning of the funding of two major health products and a welcome contribution to early childhood fees, Prime Minister Christopher Luxon says. “Keytruda is the first drug to be funded and made available from the $604 million boost we ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Children’s Unit opens at Rotorua Hospital

    Health Minister Dr Shane Reti today opened the refurbished Children’s Unit at Rotorua Hospital, which will provide young patients and their families in the Lakes District with a safe, comfortable and private space to receive care.  “The opening of this unit is a significant milestone in our commitment to improving ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Minor variations no longer major problem

    It is now easier to make small changes to building plans without having to apply for a building consent amendment, Building and Construction Minister Chris Penk says. “Previously builders who wanted to make a minor change, for example substituting one type of product for another, or changing the layout of ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • New diplomatic appointments

    Foreign Minister Winston Peters has today announced seven diplomatic appointments.   “Protecting and advancing New Zealand’s interests abroad is an extremely important role for our diplomats,” Mr Peters says.    “We are pleased to announce the appointment of seven senior diplomats to these overseas missions.”   The appointments are:   Andrew ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • SuperGold Information Hub live

    The first iteration of the SuperGold Information Hub is now on-line, Minister for Seniors Casey Costello announced today. “The SuperGold Hub is an online portal offering up-to-date information on all of the offers available to SuperGold cardholders. “We know the SuperGold card is valued, and most people know its use ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • New fund to clean up old landfill and dump sites

    A new Contaminated Sites and Vulnerable Landfills Fund will help councils and landowners clean up historic landfills and other contaminated sites that are vulnerable to the effects of severe weather, Environment Minister Penny Simmonds says.  "This $30 million fund, part of our Q4 Action Plan, increases the Government’s investment in ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Increased medicines access welcomed following budget boost

    Associate Health Minister with responsibility for Pharmac David Seymour has welcomed the increased availability of medicines for Kiwis resulting from the Government’s increased investment in Pharmac. “Pharmac operates independently, but it must work within the budget constraints set by the Government,” says Mr Seymour. “When our Government assumed office, New ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Foreign Minister completes successful week of international engagements

    Foreign Minister Winston Peters today wrapped up a week of high-level engagements at the United Nations in New York and in Papeete, French Polynesia.   “Our visit to New York was about demonstrating New Zealand’s unwavering support for an international system based on rules and respect for the UN Charter, as ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Final 2024 Action Plan focused on infrastructure

    The Government’s Quarter Four (Q4) Action Plan will be focused on making it easier and faster to build infrastructure in New Zealand as part of its wider plan to rebuild the economy, Prime Minister Christopher Luxon says. “My Government has been working at pace to get the country back on ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Four new laws to tackle crime passed in Q3

    New Zealanders will be safer as a result of the Government’s crackdown on crime which includes tougher laws for offenders and gangs delivered as part of the Quarter Three (Q3) Action Plan, Prime Minister Christopher Luxon says. “I’m proud to say we have delivered on 39 of the 40 actions ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Government partnership boosting vineyard productivity

    The Government is backing a new world-leading programme set to boost vineyard productivity and inject an additional $295 million into New Zealand’s economy by 2045, Agriculture Minister Todd McClay today announced. The Next Generation Viticulture programme will transform traditional vineyard systems, increasing profitability by $22,060 per hectare by 2045 without ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Strong support for NZ minerals strategy

    Over 90 per cent of submissions have expressed broad support for a New Zealand minerals strategy, indicating a strong appetite for a considered, enduring approach to minerals development, Resources Minister Shane Jones says.  A summary of the 102 submissions on the draft strategy has been published today by the Ministry ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Snapper catch limits up, orange roughy down

    Catch limits for several fisheries will be increased following a review that shows stocks of those species are healthy and abundant. The changes are being made as part of Fisheries New Zealand’s biannual sustainability review, which considers catch limits and management settings across New Zealand’s fisheries. “Scientific evidence and information ...
    BeehiveBy beehive.govt.nz
    7 days ago
  • Reforming the building consent system

    The Government is investigating options for a major reform of the building consent system to improve efficiency and consistency across New Zealand, Building and Construction Minister Chris Penk says.   “New Zealand has some of the least affordable housing in the world, which has dire social and economic implications. At the heart ...
    BeehiveBy beehive.govt.nz
    7 days ago
  • Cost-benefit analysis for potential third medical school completed

    The Government has announced that an initial cost-benefit analysis of establishing a third medical school based at the University of Waikato has been completed and has been found to provide confidence for the project to progress to the next stage. Minister of Health Dr Shane Reti says the proposal will ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Government delivers sensible approach to speed limits

    The Government’s new speed limit rule has today been signed to reverse Labour’s blanket speed limit reductions and enable Kiwis to get to where they want to go quickly and safely, Transport Minister Simeon Brown says.  Reverse Labour’s blanket speed limit reductions on local streets, arterial roads, and state highways ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Minister to meet with Pacific Island climate leaders

    Climate Change Minister Simon Watts is travelling to Fiji on Monday to attend a Ministerial Meeting (Talanoa) with Pacific Island Countries, Australia, and New Zealand. “Attending the Talanoa will reinforce New Zealand’s commitment to supporting climate resilience in the Pacific and advancing action in the areas of climate change,” Mr ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Human rights recommendations accepted

    The Government is accepting the majority of human rights recommendations received at the fourth Universal Period Review in Geneva, Justice Minister Paul Goldsmith says. “We have considered all 259 recommendations from the United Nations. We are supporting 168 and partially supporting 12 of these recommendations. “Recommendations related to women’s rights, ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Geotech work begins on Warkworth to Te Hana Road of National Significance

    The Government is continuing to move at pace on the Northland Expressway, with significant geotechnical investigations now underway for phase one from Warkworth to Te Hana, Transport Minister Simeon Brown says. “With thousands of motorists and freight travelling through Northland, we’re focused on delivering for this region to grow our economy. ...
    BeehiveBy beehive.govt.nz
    1 week ago

Page generated in The Standard by Wordpress at 2024-10-05T20:57:48+00:00