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Dr Eric Crampton told Kerre Woodham on Newstalk ZB that New Zealand’s 0.9% economic contraction reflects the Reserve Bank “going incredibly overboard” in 2020–21 and losing credibility on inflation, making today’s correction unavoidable. He criticised government claims of restraint, noting budgets remain “incredibly stimulatory” with “massive structural deficits,” and argued that if spending had returned to 2019 wellbeing-budget levels, the Bank would have had far more room to cut interest rates. Read more

Wellington (Tuesday, 16 September 2025) – The New Zealand Initiative welcomes the Government’s decision to strengthen the governance of the Commerce Commission, describing it as an important step towards world-class regulatory practice. The Initiative’s 2018 report Who Guards the Guards? Read more

In this episode, Eric and Nick talk to Michael (Mick) Keen, a former Deputy Director of the IMF's Fiscal Affairs Department and co-author of "Rebellion, Rascals and Revenue", about the many ways taxation can go wrong throughout history. They explore bizarre historical taxes like Britain's window tax and ship taxation, discuss New Zealand's exemplary GST system, and examine how poor tax design can lead to smuggling, rebellions, and unintended economic distortions. Read more