Research Note Deficit spending in a crisis why there is no such thing as a free lunch 1

Research Note: Deficit spending in a crisis: why there is no such thing as a free lunch

The New Zealand Initiative supports government deficit spending during the Covid-19 crisis on the basis that it is funded by conventional borrowing. This report explains why funding deficits by central bank credit creation with no credible timetable for reversing the situation is a route to financial disaster. Read more

Dr Bryce Wilkinson ONZM
Research Note
22 April, 2020
Covid 23

Coronavirus: New Zealand's response to pandemic far better than most countries

If the only economics you ever learned was from watching Ben Stein's lecture in the classic film Ferris Bueller's Day Off, you'll still have learned something awfully important for the economic recovery from the pandemic. And it's a lesson that New Zealand and Singapore have taken to heart - as evidenced by the trade agreement Trade Minister David Parker struck last week. Read more

Dr Eric Crampton
Stuff
20 April, 2020

Media Release: More flexible, principles-based criteria needed for businesses permitted to operate under Alert Level 3

Wellington, 14 April - The New Zealand Initiative welcomes comments from Finance Minister Grant Robertson today before the Epidemic Response Committee about the need for a principles-based approach to what businesses will be able to operate at Alert Level 3. New Zealand Initiative Executive Director, Oliver Hartwich said: “The essential/non-essential categorisation of businesses or business activities at Alert Level 4 was cumbersome, bureaucratic and difficult for both businesses and consumers. Read more

Media Release
14 April, 2020
Covid China

The unexpected winner of Covid-19: China

Two centuries ago, Napoleon Bonaparte called China a sleeping lion and advised to “let her sleep, for when she wakes, she will shake the world." Bonaparte's prophecies are relevant again today. The lion is now awake and she is becoming increasingly assertive. Read more

Insights Newsletter
9 April, 2020

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