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Finding that water flows downhill is not all that surprising. But it can be vey much worth knowing how fast that water moves, and how badly wrong we can be if we assume the waters are still. Read more
When Alice tried to recite one of her lessons while down the rabbit-hole in Wonderland, she thought only a few words had come out wrong. The Caterpillar corrected her bluntly: “It is wrong from beginning to end.” By contrast, the Cabinet Paper on the National Policy Statement protecting sensitive soils is not wrong from beginning to end. Read more
Imagine you went to your GP and received an unpleasant diagnosis. Would you want your doctor to panic in front of you, speculate that your disease might be terminal and prescribe a strong medicine? Read more
As Germany heads towards an economic slowdown, and in fact may already be in recession, calls for deficit spending and fiscal stimulus are getting louder – calls for the federal government to use the opportunity of negative interest rates to borrow and invest in infrastructure. Siemens’ CEO Joe Kaeser says so. Read more
Dr Eric Crampton talks to Radio New Zealand, The Panel about a Universal Basic Income (UBI) and whether it would work in New Zealand. Listen to the full interview below. Read more
In 1936, the father of Keynesian economics, John Maynard Keynes, used the term ‘animal spirits’ to refer to the fluctuating human emotions that can drive economic decisions in stressful times. Today the term is most often found in the context of investors’ decisions. Read more
Bipartisan politics is a rare beast in New Zealand nowadays. It is even harder to spot when political parties are shy to sponsor necessary policy changes that might arouse public backlash at first. Read more
The great legacy of the reforms of the 1980s and 1990s were the durable institutions that have since guided how we are governed. The Fiscal Responsibility Act set a framework for balanced budgets that has withstood many changes in government. Read more
Freshwater management is a tough political problem. Any substantive reduction in the nutrient load in too many of our rivers will require significant land use changes – and changes in wastewater practices in some towns. Read more
Before last Wednesday, I had no idea I was “brave”. Until I was told so by a delegate who had heard me speak at a large infrastructure conference. Read more