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After spending an embarrassing amount of time trying to figure out whether paying NZ Steel an enormous amount of money to install a new electric furnace made any kind of sense, I have finally come to a conclusion. If the subsidy does make sense, it would indicate severe problems in how industrial allocations have been handled. Read more

“There is a lot of ruin in a nation.” It is one of those sayings that is easy to misinterpret. Taking Adam Smith’s famous quote literally, there are so many ways for a country to go wrong. Read more

Last week’s government Budget increased projected government operating spending over the next four years by $8.4 billion while projected revenue fell by $10.7 billion. Projected government borrowing rose by $20 billion. Read more

Let’s imagine a computer game, shall we? It is called ‘Master Lobbyist’, and your job is to play the governments of two countries off against each other. Read more

New Zealand has just received its 2023 Budget. Our Government has a clear predilection for spending. Read more

Anyone hoping for an end to the country’s housing affordability crisis should despair. Or at least they should if they live in New Zealand’s largest city. Read more

The classic British TV series Yes, Minister put the problem well. Any incoming Minister faces a nearly impossible task not only in getting their head around the policy issues in their area, which can be formidable, but also in getting to grips with the machinery of state. Read more