Written By: - Date published: 5:03 pm, September 6th, 2017 - 20 comments
After the first in her series of articles inviting a bank economist to analyse and comment upon Labour’s spending promises, tomorrow she turns to the second in the series with a close analysis of National’s promises.
Written By: - Date published: 12:25 pm, September 20th, 2016 - 54 comments
Paul Romer is an economist highly respected by his peers, and about to become the Chief Economist at the World Bank. He’s also just published a paper rubbishing the last 3 decades of macroeconomics.
Martin Wolf, chief economics commentator at the Financial Times is challenging fractional reserve banking. It’s certainly time for some new ideas.
Written By: - Date published: 11:25 am, September 16th, 2016 - 120 comments
TS regular Tony Veitch has some practical ideas as to how we insulate NZ from the ravages of neoliberalism and climate change. Readers may agree with some, none or all of the suggestions. However, whichever way you look at it, the time for hand wringing is over. It’s time for action.
Written By: - Date published: 9:21 am, August 11th, 2016 - 28 comments
The Reserve Bank just cut the OCR to a historic low of 2%. And no it’s not good (economic) news.
Written By: - Date published: 10:08 am, April 20th, 2016 - 21 comments
The global economy has been stuck in an ongoing crisis since 2008. Printing more money won’t fix it, but it looks like we’re going to try it anyway.
Written By: - Date published: 11:03 am, March 29th, 2016 - 35 comments
So, Key has now come out and revealed to us how afraid the global oligarch class (and their well paid professional enablers) are. They appear to have no plans to reverse their activites to make things better for us.
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?
Written By: - Date published: 7:00 am, January 27th, 2016 - 76 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.
Written By: - Date published: 10:48 am, January 13th, 2016 - 154 comments
The Bank of Scotland has advised advised its clients to brace for a “cataclysmic year” and a global deflationary crisis.
Written By: - Date published: 10:23 am, August 8th, 2015 - 84 comments
Under Unitec’s new vision students will be known as Customers. Student services will be outsourced (overseas)
Aspiration statementTo be a world leader in contemporary applied learning and an agent of positive economic and social change.
Written By: - Date published: 10:18 am, June 9th, 2015 - 101 comments
Advocates of Kiwisaver and other funded “retirement savings” schemes perpetuate the fundamental misunderstanding that “conventional” in New Zealand’s case “neo-liberal” economists, speculators, finance companies, politicians and those with a lot of share holding wealth in non-productive enterprises like to perpetuate.
Written By: - Date published: 5:59 am, February 25th, 2015 - 76 comments
New Zealand banks (which are really Australian banks) are REALLY worried for us (oh, and for themselves).
Written By: - Date published: 10:09 am, January 26th, 2015 - 63 comments
The scale of the housing affordability crisis, particularly in Auckland, is now unmistakable. Not only do individual families suffer as home ownership increasingly moves beyond their reach, but the impact on social cohesion and on the fair distribution of resources is becoming more and more damaging. The rising cost of buying a house is without […]
Written By: - Date published: 10:07 pm, December 4th, 2014 - 35 comments
I miss Fred Dagg – John Clarke’s latest is a purler. “New Zealand … is an egalitarian nation made up of well over four million rugged individualists and naturally gifted sportspeople and is run on alternate days by the government and whoever bought the national infrastructure.” Read, laugh and weep – he might be gone but we’re not forgotten, and thank God for that.
Written By: - Date published: 9:18 am, November 27th, 2014 - 6 comments
The stage was long ago reached where members of the US Government were told they should “wear their sponsors logo’s on their shirts”.
Written By: - Date published: 2:25 pm, August 25th, 2014 - 32 comments
Labour has the bold set of policies to take New Zealand forward into the 21st century – National’s “same old same old” tinkering will see the Kiwi skiff swamped. That was the clear conclusion from the debate between David Parker and Bill English on National Radio this morning.
Written By: - Date published: 11:11 am, May 5th, 2014 - 33 comments
Rob Salmond at Polity just saved me from having to write something like this post explaining economic basics to Steven Joyce. Joyce demonstrated again why his tenure at MoBIE has been a failure for the overall economy. He fixates on one thing like the business selling milk powder to the exclusion of the overall picture. In part that is why we have neither expanding innovation or employment in our economy at present. He is a good tactical politician. But he is a fool on strategy.
Written By: - Date published: 1:54 pm, April 30th, 2014 - 29 comments
Distribution – who pays, who gets what – is one of (or perhaps the) key question in politics. It is the big problem with Labour’s new monetary policy. We’ve all seen how the theoretical ability to compensate the losers of policies which produce net gains tends to be forgotten in practice. Which means that the acceptability of the policy is going to depend crucially on whether Labour follows through on this promise.
Written By: - Date published: 10:32 am, October 5th, 2013 - 94 comments
Old man Armstrong’s out on the Herald’s front lawn this morning, shaking his fist and telling those bloody kids in Labour to stop questioning whether the Reserve Bank is doing the right thing. They should sit quietly and accept whatever the Bank decides to do. This is called ‘consensus’, apparently. Problem is, Armstrong provides no justification for complete RB independence.
Written By: - Date published: 11:58 am, September 5th, 2013 - 230 comments
The concept of UBI has a long history in New Zealand.
Of course, we already have a UBI for those over 65. Which has been extremely successful at eliminating poverty amongst the elderly, at a very moderate cost by international standards.
Written By: - Date published: 12:10 pm, August 23rd, 2013 - 137 comments
I wasn’t going to express my opinion on the upcoming Labour leadership selection process. However, the usual right leaning MSM hacks seem to have been following the current Labour caucus leadership in naming Robertson as the frontrunner. This is my op ed testimony for my frontrunner, the MP for my electorate: Cunliffe.
Written By: - Date published: 6:06 am, August 1st, 2013 - 82 comments
It has been obvious that some people live in a different world than the rest of us. One where Chicago school economics, work! One where you save the village by blowing it up! One where global warming can be stopped, Canute like, by legislation. One where dropping wages and giving everything to bloated financiers, makes […]
Written By: - Date published: 2:50 pm, June 22nd, 2013 - 102 comments
Many business people say that a country should be run like a business. Maybe they are right. It should be run like a SUCCESSFUL business. It is appropriate for Government to take lessons from business success, and the reverse. But when it comes down to details, right wing Neo-Liberal business do not want Government and country they govern to become too successful or democratic…
Written By: - Date published: 7:32 am, April 29th, 2013 - 49 comments
John Key has committed to giving up the National Party’s leadership if he loses the next election. That didn’t stop him from committing the next National Government from reversing NZ Power and putting up electricity prices whenever it comes to power . It got me thinking about the people who are so keen to kill NZ Power in its cradle and why. Today: MRP CEO Doug Heffernan.
Written By: - Date published: 7:15 am, March 21st, 2013 - 103 comments
There’s this almost puritan kind of myth that we’ve got so much international debt as punishment for our spendthrift ways. We ‘live beyond our means’, apparently. But it’s not true. If ‘our means’ is the money we make in exports, then most of the time, they exceed what we spend on imports. Yet, we run a $10 billion deficit as a country. Why? Because of the profit outflow.