Come the next pandemic, we are going to be in the same stupid mess that we were in during the last one. Trusted pharmaceutical regulators overseas, like those in Australia, Canada, Europe, and the UK, will have given provisional approvals for vaccines that are safe. Read more
Last week, New Zealand’s Finance Minister Nicola Willis announced what she presented as a significant 25 percent cut to the Reserve Bank of New Zealand’s operating budget. The headlines were dramatic: the RBNZ would need to tighten its belt and focus on core functions. Read more
In this episode, Eric discusses credit card interchange fees with NERA's James Mellsop, who argues that the Commerce Commission's proposed regulation capping these fees could harm competition and innovation despite aiming to benefit consumers. They express concern that the Commission's narrow focus on allocative efficiency overlooks the dynamic benefits of interchange fees in financing innovation and new market entrants, potentially undermining the Commission's own goals of increasing competition in the banking sector. Read more
When does a “woman” include a biological male? And who gets to decide – Parliament or the courts? Read more
I have no doubt that Peter Smith loves the West. You can feel it in every line of his writing – the anger at its enemies, the contempt for its betrayal, the frustration at its leaders who lack the courage to defend it. Read more
There’s a fragility to rules-based orders that has been around for as long as those orders have. So long as people generally agree that it is good to be bound by the rules, and that trying to change the rules is better than ignoring or breaking them, a rules-based order can persist. Read more
Imagine owning a fortune in investments while lacking the ready cash to fix your crumbling house. That is New Zealand’s position today. Read more
Easter is here, a rare four-day weekend when many of us will travel for getaways, see family and friends, or host those who have travelled to us. Yet Easter can be a trap for the unwary. Read more
“First and foremost, there is the need to maintain fiscal space for fiscal policy to play a shock-absorber role. That means paying our debt down during normal economic times.” With these words, Treasury Secretary Iain Rennie signalled a welcome return to sound economic principles in his speech launching the draft Te Ara Mokopuna 2025, the Treasury’s Long-term Insights Briefing on how to manage government finances sustainably. Read more
Worries about social cohesion are on the rise. Initiative Chair Roger Partridge aired his concerns in the Herald last month, and this month saw the launch of a report on the subject by the Helen Clark Foundation. Read more
In this podcast, Michael and James critique proposed amendments to New Zealand's Education and Training Act that aim to protect academic freedom in universities, arguing the legislation lacks meaningful enforcement mechanisms to hold institutions accountable. They discuss potential improvements including a "free speech czar," legal recourse for violations, and eliminating loopholes that allow universities to restrict controversial speech through other institutional policies. Read more
1. INTRODUCTION AND SUMMARY 1.1 This submission on the Term of Parliament (Enabling 4-year Term) Legislation Amendment Bill is made by The New Zealand Initiative (the Initiative), a Wellington-based think tank supported primarily by major New Zealand businesses. Read more
Two ships passing in the night might share the same destination yet follow very different courses. So it seems with David Harvey’s latest response to my report for The New Zealand Initiative, Who Makes the Law? Read more
As chairman of a business-funded think tank, I have been called many things — neoliberal, libertarian, right-wing, and even (indirectly) one of “Hayek’s Bastards.” But never left-wing. And certainly not “left of Jacinda Ardern.” That is, until I started writing about Donald Trump. Read more
There is a devil in European literature who claims an unexpected virtue: he intends evil but accomplishes good. In Goethe’s masterpiece “Faust,” Mephistopheles – essentially the devil – tells us: “I am part of that power which eternally wills evil and eternally works good.” This paradox from German literature’s greatest work perfectly captures a surprising phenomenon unfolding today: Donald Trump may be the Mephistopheles that Europe did not know it needed. Read more