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Written By: Nic the NZer - Date published: 7:15 pm, June 7th, 2025
Essentially, yes, RBNZ policy is not really that independent from the govt. If they are doing something undesirable that should be ultimately the responsibility of the finance minister for allowing them to do that. Of course, what Rimmer described is not ...Written By: Nic the NZer - Date published: 5:13 pm, June 7th, 2025
The finance minister sets out the goals of the Reserve Bank every year in letter form and can wholy override its independence for 6 months without intervention from parliament. On top of that its usually unnecessary as the Reserve Bank usually knows how to ...Written By: Nic the NZer - Date published: 10:59 pm, June 3rd, 2025
Israel should be willing to agree to a settlement for a number of reasons, but several of these don't apply if the point is to genocide and ethnically cleanse the population from Gaza (and the West Bank). Those reasons are, 1) The IDF would there by stop ( ...Written By: Nic the NZer - Date published: 8:19 pm, June 3rd, 2025
That's an utterly pathetic and unconvincing attempt at sophistry. Benjamin Netanyahu recently undermined your lie by rejecting a Gaza withdrawal agreement, put by Hamas negotiators (via Steve Witkoff), which both stated Hamas would give up all ...Written By: Nic the NZer - Date published: 7:37 pm, June 3rd, 2025
Since you clearly agree with the punishment being dished out, why is this "Gazans are feeling the real-world effects of having a government that started a war against a far more powerful nation and would rather they all die than that the government ...Written By: Nic the NZer - Date published: 3:08 pm, June 1st, 2025
To be fair to Chris I will mention seeing him leaving a performance of Bluey with his family. The look on his face suggested the performance had felt similar to hearing a ManU supporters detailed summary of why Arsenal have been such a failure this season. ...Written By: Nic the NZer - Date published: 7:32 pm, May 26th, 2025
The basic problem with UBI are right in front of you. For a start it needs to be at a level which we call, in the present economic context, the living wage. Firstly by having such a high UBI you end up with a large expenditure which mostly goes to wage ...Written By: Nic the NZer - Date published: 8:34 pm, May 25th, 2025
Verity is actually understating the case quite a bit. First a digression to Greek economic history. In 2010 Greece was having an actual govt debt crisis. Greek govt debt was at risk of default and importantly the only bailout/ rescue plan supported by the ...Written By: Nic the NZer - Date published: 8:51 am, May 14th, 2025
This is a non-sense argument. Virtually every single figure dealt with by Treasury and the finance minister are an estimate. This includes the latest GDP figures which are only available looking back 3 months and are usually revised to final within 6 ...Written By: Nic the NZer - Date published: 6:35 pm, May 8th, 2025
ITV bought franchise rights to "The Block"?Written By: Nic the NZer - Date published: 8:03 am, May 7th, 2025
Trump won the US election due to vote suppression tactics. This was legalized using literal Jim Crow era laws. Trump Lost. Vote Suppression Won. - Greg PalastWritten By: Nic the NZer - Date published: 1:22 pm, May 3rd, 2025
Its relatively simple to understand this, the meaning of productivity used is highly effed up. The actual biggest loss of productivity is anybody unemployed (in the true sense that they would rather be employed) because the result is them not adding any ...Written By: Nic the NZer - Date published: 9:07 pm, May 1st, 2025
That sounds like a bad faith reading of his comment, because that would be hideous idea.Written By: Nic the NZer - Date published: 8:29 pm, May 1st, 2025
Unfortunately this takes the form of a Green party press release. As you imply it should be something the govt makes available at every MSD office across the country to sign up to do something in the non profit or public sector for a living wage. The real ...Written By: Nic the NZer - Date published: 7:47 pm, April 30th, 2025
Background problem here is the fictional idea that monetary policy is more effective than fiscal policy. This fiction was only ever seen an plausible with an inflating housing bubble going on, this has ended in NZ. The effect of this is the government ...Written By: Nic the NZer - Date published: 10:05 am, April 25th, 2025
Good on you for still being willing to affirm your commitment to the genocide of Palestinians (a phase of the much longer running ethnic cleansing), in public. As the article accurately describes this is simply the ongoing practice of long established ...Written By: Nic the NZer - Date published: 1:50 pm, April 21st, 2025
Bad luck to that mysoginist. The implication of hangman is the player gets hung for failing to guess correctly isn't it?Written By: Nic the NZer - Date published: 8:07 pm, April 13th, 2025
This effect is just the smart money doing risk avoidance. With a large tax on imports, it's at least likely for a lot of US import purchases to go away (note this is different from tariffs succeeding which would also involve actual US import substitution, ...Written By: Nic the NZer - Date published: 7:50 pm, April 12th, 2025
They were not voted out for running a deficit, and the current lot will not be voted out for pushing out the anticipated return to surplus with their austerity policies either.Written By: Nic the NZer - Date published: 7:16 pm, April 12th, 2025
It does. Labour did no tax reform and it was going just fine.Written By: Nic the NZer - Date published: 6:30 pm, April 12th, 2025
Completely untrue. Public sector spending levels were only just beginning to approach a healthy level at the end of the last govt term.Written By: Nic the NZer - Date published: 12:33 pm, April 12th, 2025
Agree, with the caveat that in the event of genuine demand driven inflation they can be justified. For most of the west that is a situation not observed for the last 40 years. Also worth highlighting that the Labour government surpluses were equally not ...Written By: Nic the NZer - Date published: 10:04 am, April 12th, 2025
"Economists generally believe that a government must run a budget surplus if it wishes to run a current account deficit, and vice versa." While some may believe this, it's clearly the wrong economic strategy. The budget deficit (surplus) offsets the ...Written By: Nic the NZer - Date published: 6:42 pm, April 7th, 2025
Should go on to point out that National are already defunding the police more than any sensible budget policy would suggest, and that they have zero chance of hitting their recruitment targets in their term.Written By: Nic the NZer - Date published: 5:48 pm, April 6th, 2025
Not really any better though. I guess the statement is that 60% of NZs GDP is involved in trade (exports + imports). That may be true, but in terms of GDP those two terms have opposite signs. A meaningful statement would be that NZ trade is somewhat ...Written By: Nic the NZer - Date published: 7:30 am, April 6th, 2025
NZ has never earned anywhere near 60% of GDP for its exports. This peaked around 2000/2001 near 36% and presently sits around 26% of NZ GDP. Exports of NZWritten By: Nic the NZer - Date published: 6:52 pm, April 4th, 2025
It's not clear to me how you are suggesting that selling to particular international markets affects prices set. I would suggest that very limited NZ demand explains quite a lot in relation to how the country works, low savings, little share market ...Written By: Nic the NZer - Date published: 9:56 am, April 4th, 2025
If NZ is looking to get in Trumps good books, sucking up has a much better track record than logic. Fortunately NZ has furnished itself in advance with a suitably invertibrate PM, we are in a naturally strong position.Written By: Nic the NZer - Date published: 8:08 pm, April 3rd, 2025
First off, we should understand what exporting is doing for the country. There is no advantage to a business of selling overseas over selling locally, both are just revenue. The main advantage to an export enabled business is picking up extra demand. ...Written By: Nic the NZer - Date published: 9:48 pm, April 1st, 2025
Can I please pay in installments of $99.99?
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