After much finger-pointing, the Government has finally found the real culprits behind high house prices. Yes, it was the evil ‘speculators’ all along. Read more
In this week's Initiative podcast, and ahead of the trans Tasman bubble opening up on 19 April 2021, Chief Economist Dr Eric Crampton discusses the safety measures that should already be in place to make this a success and, hopefully, put New Zealand on track to open up bubbles with other low-risk countries.
The New Zealand Initiative · PODCAST: Dr Eric Crampton discusses safety measures around the opening of the Trans Tasman bubble Read more
It is easy to dismiss critics of the Climate Change Commission’s plan to reduce emissions as opposed to any action at all. Too easy. Read more
If you want to get an idea of the European Union’s ability to make good decisions and implement them swiftly, you could look at its Covid vaccination rollout. But if that is too depressing, you could also consider the farce around Europe’s Daylight Savings Time. Read more
Three roads bounded the farm where I grew up in Southern Manitoba. To the East was the highway. Read more
Local government is fundamentally broken because of the way councils are financed, how the costs and benefits of urban growth are divvied up, and the incentives thus created. Councils bear the costs of growth. Read more
Currently, every house auction is a contest between competing bidders. The auction confronts each bidder with the last price bid. Read more
According to Long’s Axiom, an elephant is a mouse built to government specifications. The saying is a corollary to the old gag about a camel being a horse designed by a committee. Read more
Dr Oliver Hartwich and Dr David Law discuss the details of the government's new housing package and what it will mean for the housing market, house prices and first home buyers. They also discuss the consequences for the rental market and the pitfalls of rent controls. Read more
The Emissions Trading Scheme (ETS) uses prices to lower emissions. The scheme launched in New Zealand in 2008 and it is now one of the best-designed schemes in the world. Read more
One year ago, in a desperate rush, the government launched the wage subsidy scheme. It had to be done in a hurry; every other option was worse. Read more
In this short podcast, Senior Fellow Dr Bryce Wilkinson outlines the Government's review into Pharmac. He says the review will focus on how Pharmac performs against its current objectives (and if there could be any improvements), and whether Pharmac's objectives maximise its potential to help improve health outcomes for all New Zealanders. Read more
This month events at either end of the country highlighted a fundamental failure afflicting New Zealand’s biggest pre-Covid export earner: tourism. On 10 March, Auckland Council heard submissions on when it should reintroduce its Accommodation Provider Targeted Rate (APTR), which is uses to fund Auckland events and destination marketing. Read more
Eighteen months ago, the Government announced a curriculum change making it compulsory for all schools to teach “key aspects” of New Zealand history. The Ministry of Education was tasked with creating a new curriculum to “span the full range of New Zealanders’ experiences… with contemporary issues directly linked to major events of the past.” Asking the Ministry of Education to draft a compulsory New Zealand History curriculum for school children was always fraught with risk. Read more
Did you hear that LEGO released a minifigure of our PM. It’s big news. Read more