Posts Tagged ‘market failure’

Luxon on rents – another National economic idiot

Written By: - Date published: 2:06 pm, March 14th, 2024 - 30 comments

I was incredulous that this lummox Christopher Luxon had ever paid attention during even a basic economics course. Landlords aren’t going to pass any cost reductions on to tenants in rent values. They charge new tenants the rental rates that the market can bear. In the absence of significiant new housing or a reduction in population, that is directly related to what tenants can afford to pay

Power pricing not just a rip-off, it’s immoral

Written By: - Date published: 3:23 pm, March 22nd, 2019 - 43 comments

Submissions for the final report on the Electricity Price Review closed today at noon. My recent experience with Genesis Energy reveals pricing by power company majors not only rips customers off, but is immoral. The initial report of the EPR is unlikely to address this issue.

The server will be getting hardware changes this evening starting at 10pm NZDT.
The site will be off line for some hours.