Political theatre is not usually associated with Julius Vogel (1835-99), the chief architect of the radical expansion of New Zealand’s rail network in the 1870s. A poor speaker, Vogel was also partially deaf in one ear – no small handicap in the heyday of parliamentary debate. Read more
Nobel laureate Paul Krugman once quipped that David Ricardo's theory of comparative advantage defined who counts as an economist. Because every economist understands comparative advantage and its related notion of "opportunity cost" and practically nobody else does. Read more
According to a quote sometimes attributed to George Orwell, “journalism is printing what someone else does not want published; everything else is public relations.” Whether Orwell actually said it or not, it is a useful definition. There are whole armies of PR and comms people trying to make you swallow their predetermined messages. Read more
In October 1922, a young journalist and agitator from the hard right marched to Rome to seize political power. This month, a 45-year-old former journalist with far-right leanings is also running for office in Italy. Read more
As a bit of police theatre, it was outstanding. Police responded to a complaint about a home in Wanaka flying an allegedly racist red flag with an ominous black insignia inscribed within a white circle. Read more
After driving through rough terrain for a long time, you finally realise you have been going in the wrong direction all along. So, what will you do: speed up, slow down, or turn around? Read more
Entrepreneurship is highly rated. My son’s school even renamed their NCEA Level 1 economics paper “Entrepreneurial economics” and their accounting paper “Entrepreneurial finance.” But entrepreneurship remains underrated. Read more
The monetary and fiscal policy responses to the COVID-19 pandemic set the stage for the inflation we are currently experiencing. In the debate about what drives inflation and who is to blame, one important element has not received the attention it deserves: the coordination between monetary and fiscal policy. Read more
The next incoming government will need to do its policy thinking beforehand if it is to tackle the current policy mess effectively. It will face serious problems in housing, health, education, social welfare, and environmental and planning laws, just to mention the biggest areas. Read more
In 2020, my report, Pharmac: The right prescription? for the New Zealand Initiative found much to compliment in Pharmac’s pursuit of its statutory duty to obtain the best reasonably achievable health outcomes for eligible people from pharmaceuticals within the subsidy budget. Read more
Among the problems leading to the Government’s proposed Three Waters reforms were councils loading up their balance sheets with dubious debt. So it seems odd that the Government plans on loading up the balance sheets of amalgamated water service entities with dubious debt. Read more
We mourn the passing of Her Majesty, Queen Elizabeth II. Her reign was extraordinary. Read more
Every New Zealander has a stake in the performance of the Reserve Bank of New Zealand. As we have seen this year, if the Bank gets monetary policy settings wrong, it can trigger inflation, pushing up the cost of living and causing stress for consumers and businesses alike. Read more
The Free Speech Union recently published a report grading each of New Zealand’s eight universities on its record of upholding academic freedom. But why should anyone outside universities care? Read more
I have a good relationship with my parents. However, when the subject of visiting them for Christmas came up, their answer was: “You’d better not come!” In every respect, Germany is expecting a miserable winter. Read more