Deposit insurance and full reserve protocols are the same. The two are not the same. There is an upper limit to how much deposit insurance will pay out. Deposit insurance also encourages reckless lending.
PS: I thought that GST was not payable on second hand goods. However, when I bought my most recent car, which was second hand, the dealer charged GST. I assume this is normal, but it does seem to be an anomaly. The rationale for exempting second hand goods...
All this specious argument really boils down to, is that we shouldn't go down the complex, some foods and not other foods, exemption route. GST off food no exceptions! That sort of argument would be valid for abolishing GST altogether, an option I would ...
In the 1930s FDR sought solutions, to the bank run problem, from the economics profession. Chicago University offered the 'chicago plan' which would have entailed imposing a 100% reserve ratio on banks. The problem with this would have been that all ...
No it isn't. TINA is a Thatcher catchcry erroneously attributed to Roger Douglas because people felt there was a similarity in the pair's respective outlooks.
True. But these days it is associated mainly with Margaret Thatcher.
Tina, There Is No Alternative was coined by Roger Douglas TINA, there is no alternative was first coined by Margaret Thatcher.
Which makes me wonder why would countries like Australia, And Britain and Ireland follow such a stupid practice? Political pressure, probably.
Labour's commitment to the 'Purity' of GST is symptomatic of Labour's continuing commitment to neoliberalism. Labour's commitment to the 'purity of GST' is a symptom of their commitment to common sense. Adjustment of income tax rates would be a better ...
Like that's ever gonna happen. But you can always dream I suppose. They probably said the same thing about the withdrawal from Afghanistan ... until it happened.
Perhaps we should nationalise all land.The government could then lease land to those who needed it, charging a rent proportional to the land's value.
We need the Capital Gains Tax that Ardern promised. Perhaps. But with no exemptions for "family homes".
"No tax without representation." So perhaps persons 17 and under shouldn't have to pay tax if they are earning.
The Barak Obama tie-less cool.
If rent controls were to be introduced I think they should be set at an amount sufficient to cover expenses such as rates, insurance, maintenance, administration (if appropriate), but not interest (which is really the landlord's concern - the tenant should...
The minister was quite right to propose the "adjustment". It was public pressure that induced him to change his mind. He should have stood his ground but when unreason rules, and the "great unwashed" are sharpening their pitchforks, what else could he do ...
The GST system works because the GST claimed back from the government is offset by the GST paid by the contractor. If the contractor is not charging you GST and handing the proceeds to the government then the government is losing money. It sounds ...
Every New Zealander is spending $2000 a year on profits for the banks, Many are probably spending a lot more than $2000, while many a lot less. What matters is whether each person's spending is reasonable with regard to his borrowing, and whether the ...
Mortgage payments are not a cost, but essentially an investment. Therefor they should not be a reason for increases in rent.
Presumably the green, yellow and muddy brown bits were not part of the Tsarist Russian empire. I'm not trying to make an argument; just seeking information.
No one wants to invade Russia. Joe Biden would like to, but he cannot at the moment because of MAD. However he figures that if he can get closer to Russia's borders by bringing Ukraine over to his side he may be able to find some pretext for invading ...
Putin claims that the West is trying to dismantle the Soviet Union – which has not existed for 30 years. Perhaps someone should inform Joe Biden of the fact that the Soviet system no longer exists. Like that chap in The Fight Club, he is fighting a battle ...
I doubt there will be any "alleviation of concerns" until the evil empire from across the sea desists from sticking its nose in the affairs of other countries. "To be an enemy of America is dangerous. To be an ally of America is fatal." - Henry Kissinger
"they know what happens under Russian occupation." How would they know that? They haven't been "occupied" by Russians since Tsarist times, when they were part of the Russian empire. After the 1917 revolution they continued as part of Russia until 1922, ...
Red Herrings = the facts are problematic and the Russian propaganda isn't coping Yes. That is exactly when people employ red herrings. ie when the facts they are alleging are problematic, and/or the propaganda, whatever is origin, is not coping.
We have received two forms, each with a different private access code, delivered to the same household, but on different dates.
Zelenskyy has being telling us for months that if Ukraine falls Moldova will be next on the list. It sounds like the old "domino theory" that used to worry us back in the fifties. Except it's no longer the "yellow peril" that's the problem. The "red peril"...
We were discussing Stalin's transporting of persons from the Baltic States. The existence, or non existence, of Russia, and let alone the status of Ukraine, were irrelevant. The reddest of herrings, surely.
What about this, what about that, whatever. Red herrings don't impress me.
So which political 'version' occupied the Baltic States during WW2 is not likely to be highly relevant to the residents. Maybe not. But it is relevant to the historical record.
Red herrings don't impress me.
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