Written By: - Date published: 8:03 am, May 21st, 2021 - 61 comments
National presented a particularly glum picture in Parliament yesterday. And it was not only the realisation that Judith Collins is out of her depth. It was because this budget spells the end of Ruthenasia.
Written By: - Date published: 8:18 am, February 17th, 2021 - 5 comments
While Australia is rightly branded The Lucky Country, it looks like we can reasonably be called the Very, Very Lucky Country.
Written By: - Date published: 9:34 am, December 20th, 2020 - 22 comments
Without much fanfare, Minister Robertson has used 2020’s crisis to bury the historic scourge of monetarism and within it the excuses of the governments that used it as a pretext to sell off our key government income generators.
Written By: - Date published: 10:58 am, June 19th, 2020 - 14 comments
Despite downbeat economic predictions and an imminent global recession, the New Zealand recovery offers opportunities for entrepreneurial success that exceed anything we’ve seen for decades.
Written By: - Date published: 3:33 pm, April 25th, 2020 - 60 comments
We put in guest posts occasionally. These days I’m the person who runs the email account and sees the general ones. Mostly I don’t give any feedback as much as anything else because a lack of time. But I should. This is the first to get that editorial attention. The topic itself is worth discussing. What is the process of raising debt for the cobid-19 economic response.
Written By: - Date published: 8:00 am, January 18th, 2020 - 31 comments
The Herald has reported that National in its first two years of Government created *more* working groups than Labour.
Written By: - Date published: 12:06 pm, December 1st, 2019 - 35 comments
Is the Government commitment to the budget responsibility rules weakening? Because at the Labour Party Conference Grant Robertson has indicated that the Government will shortly announce a big capital spend on infrastructure.
Written By: - Date published: 8:14 am, November 18th, 2019 - 16 comments
Advantage is testing an idea out. What will a common accountability framework for the government look like?
Written By: - Date published: 3:18 pm, August 8th, 2019 - 58 comments
With yesterday’s announcement by the Reserve Bank to cut interest rates by 1%, some are suggesting that the government should embark on a massive public works spree to stimulate the economy while increasing national debt at low interest rates. But Kiwisaver reform may be more effective.
Written By: - Date published: 12:39 pm, June 13th, 2019 - 46 comments
Gabriel Makhlouf will be remembered because of events surrounding the unauthorised access of Treasury information by National. History should result in him being remembered for more positive things, like the creation of a new framework that has restructured how the government spends public money from the ground up.
Written By: - Date published: 7:23 am, December 7th, 2018 - 11 comments
The Government is planning changes to the Reserve Bank Act to require it to seek full employment. Maybe it is time for a dramatic change to its powers so that it has the regulatory powers to properly deal with the Australian banks.
Written By: - Date published: 4:30 pm, September 6th, 2018 - 27 comments
For a country the size of Melbourne, we have a ridiculously complex state, and this layer of accountablility is largely a complete waste of our taxpayer money and degrades our agency as citizens. Can we do better?
Written By: - Date published: 7:47 am, May 7th, 2018 - 23 comments
Isn’t it time we at least synchronized the New Zealand budget with the Australian budget?
Written By: - Date published: 1:16 pm, July 20th, 2017 - 28 comments
Today thousands of IRD workers face the prospect of losing their jobs while two MOT workers who lost their jobs for whistle blowing are vindicated. Who would be a public servant?
Written By: - Date published: 4:19 pm, April 29th, 2016 - 29 comments
So Key’s lawyer reckons the PM directly requested that trust industry leaders lobby the Revenue Minister. On the other hand, PM DunnoKeyo reckons he did no such thing. That leaves some really big questions …
Written By: - Date published: 1:11 pm, March 12th, 2016 - 82 comments
People talk of excessive borrowing in the dairy sector. Of course, the real problem is that of excessive lending.
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.
Written By: - Date published: 7:02 am, December 1st, 2015 - 128 comments
A Treasury report calls the Christchurch rebuild plan “unachievable”. Gerry Brownlee immediately springs in to action – attacking Treasury. Christchurch deserves better than this…
Written By: - Date published: 7:15 am, August 26th, 2015 - 55 comments
John Key says New Zealand has options in the face of a share market meltdown and is not like Greece (well that’s a relief). Simon Louisson asks how real are John Key’s options? Thanks to this Government’s profligate past spending, including irresponsible tax cuts, our options have narrowed drastically.
Written By: - Date published: 6:45 am, May 20th, 2015 - 134 comments
We the people only learned of Treasury projections on the costs of inaction on climate change (up to $52 billion) because someone screwed up a redacted document. We were never meant to know. And National’s Minister for Climate Change Issues statement on the matter is that Treasury should have done a better job of hiding this vital information from the public.
Written By: - Date published: 12:43 pm, November 21st, 2014 - 17 comments
David Farrar seldom seems to actually read the reports fully before he starts inventing meaningless canards. A theoretical equality of opportunity is irrelevant when your parent’s lack of disposable income is the major determinant of your own education and opportunities. We waste the opportunities from peoples abilities because of income inequalities.
Written By: - Date published: 12:31 pm, August 11th, 2014 - 13 comments
Steven Joyce is asking about how Labour can afford their policies. Half of the money is what National is planning to spend unwisely. The rest is from documented increases in revenue in a fiscal plan. Unlike National’s mythic surplus, these are solid values. They will produce a solid surplus to pay down National’s debt.
Written By: - Date published: 1:21 pm, July 8th, 2014 - 40 comments
As was generally expected by anyone who’d been watching the actual economy rather than just the dairy exports, business profits are lower than expected. And there aren’t the jobs and pay increases in our “rockstar” economy. So consumer spending measured by GST is low as well. Meanwhile the price inflation keeps increasing government costs. So we are already on track for a large deficit next year rather than the government’s much-touted imaginary surplus. You have to ask why we deserve a government that appears to live more in a universe of wishful thinking than reality.
Written By: - Date published: 3:41 pm, March 11th, 2014 - 77 comments
The deficit was $637 million dollars bigger than expected. In fact it was more than double the expected size. Why? Well mostly because of much smaller tax revenues than previously estimated. So much for the mythic recovery that National’s spinners have been pushing over xmas. We just finished paying off the mountain of debt that National gave me back in the 1970’s and early 80s. Now the shifty party of crony business morons are trying to do it to another generation.
Written By: - Date published: 2:18 pm, February 28th, 2014 - 10 comments
In many ways what is even more irritating about this screwup by treasury is that it isn’t likely to be the children living below the poverty line that has an impact. It is the large numbers of elderly that Treasury has now discovered getting worse off and falling into poverty. After all they have a vote. Whereas children don’t so the future accumulated costs of their poverty aren’t something that this government will concern itself about.
Written By: - Date published: 9:41 am, February 20th, 2014 - 42 comments
Tracey recounts the rise and fall of the `financial genius` John Key’s pet financial hub for NZ to emulate the paragon economies that tried it. Like Ireland – the home of the jobless and deserted housing projects.
Fortunately he was somehow prevented from stuffing NZ in this way. However he did put in some legislation of dubious value to allow NZ to be used as a haven for hot money fleeing taxes…