Recently, during a select committee hearing on an infrastructure funding amendment bill, an MP asked for examples of infrastructure financed without government borrowing. “Sure,” our chief economist Eric Crampton replied. Read more
When a story recently emerged about the government getting advice on carless days under the Petroleum Demand Restraint Act, older New Zealanders will have felt a warm flush of nostalgia. The 1979 restrictions brought coloured windscreen stickers announcing the weekday car owners had promised not to drive. Read more
Too many of the world’s urban planners grew up playing the city-planning game SimCity. You may have played it too. Read more
When oil prices spiked after the Strait of Hormuz closed, New Zealand’s ministers lined up to reassure the public. Fuel stocks were “healthy.” There was “no need for panic.” The associate energy minister assured New Zealanders that supplies were not under threat “in coming months.” What the ministers did not dwell on is that government agencies are now briefing them daily on supply disruptions extending well beyond petrol. Read more
No fuel was available where I lived on the east side of Christchurch immediately after the 2011 earthquake. Power was out. Read more
Imagine a system in which those who understand it best see a problem developing – slowly, incrementally, case by case – but choose not to say so publicly. Not because they are forbidden to speak. Read more
So far this year, the government’s tobacco excise revenue is $164 million below forecast. If that pace continues, the annual shortfall will reach about $225 million. Read more
New Zealand’s Planning Bill is supposed to make housing affordable. For the first time, the law would require the planning system to create competitive land markets. Read more
New Zealand has plenty of reasons for optimism. In a world gripped by anxiety, the country stands at the edge of several extraordinary opportunities. Read more
There is something almost admirable about spending a fortune on roads, pipes, schools and hospitals without quite knowing what state any of them are in. Or, in some cases, where exactly they are. Read more
After five years of stagnation, falling living standards and a cost-of-living crisis that ground down households and businesses, New Zealanders wanted nothing more than a return to normality: a bit of growth, stable prices and the relief of things finally getting better. At the start of 2026, it looked like that might be happening. Read more
Donald Trump promised the Iranian people their hour of freedom had arrived. Ten days later, the dead Supreme Leader’s son sits in his father’s chair, the Revolutionary Guard is still fighting, the Strait of Hormuz is closed, oil spiked above $100 a barrel and seven Americans are dead. Read more
Within a fortnight last month, Australia and New Zealand placed opposite bets on their economic futures. The Reserve Bank of Australia raised interest rates to 3.85 per cent. Read more
While American and Israeli jets were bombing Tehran last Monday, French President Emmanuel Macron stood before nuclear submarines at the Île Longue naval base in Brittany. He announced that France would extend its nuclear umbrella across Europe. Read more
Anyone who has visited Sydney recently will have seen what asset recycling built. New metro lines that transformed commuter rail. Read more