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Eighties glam-metal band Cinderella taught us we don't know what we've got until it's gone. But it can be harder to know what you could have had if you never had it at all. Read more
Alan Duff’s latest book – A Conversation with My Country: Where we have come from. Where we can go. Read more
Earlier this week the Reserve Bank dropped the official cash rate by 50 base points to one percent - citing slow GDP growth over the past year and declining international trade. But what does this actually mean? Read more
A collegial relationship between Treasury and the Reserve Bank is a good thing in principle. Monetary and fiscal policy remain the most important levers of economic policy, and the two institutions in charge of those levers need to exchange their views. Read more
Dear Minister of Finance, I am writing to apply for the position of Lead Economic Advisor to the Government, a position held by The Treasury since the 1940s. Please find enclosed my CV with references. Read more
A truism in politics has been codified in what’s been called Miles’s Law: “Where you stand depends on where you sit.” In other words, principles can depend a bit on one’s interests. Legend had it that one of the professors who taught courses in antitrust where I went to graduate school liked to quip: “I support antitrust because antitrust supports me.” Consulting in antitrust cases was rather lucrative. Read more
Eric Crampton talks on Radio NZ about the Integrated Data Infrastructure and how it might be best used to inform government policy. Read more
Lost in the government’s response to the Interim Climate Change Committee this week was the decision to put on ice its 100% renewable electricity policy to focus on other more effective measures. It is hard to overstate the significance of this decision. Read more
There was a line of ’80s and ’90s motivational posters, often involving pictures of cats, with quips that might help improve spirits around the workplace. One of those, from memory, read something like, “You don’t have to be crazy to work here, but it helps!” Other variants read, “You don’t have to be crazy to work here; we will train you.” None of them would pass modern sensitivity standards, and they were never really motivational or funny in the first place. Read more
Maybe things would be different if somebody had 'invented' prices. We tend not to understand and appreciate institutions, like prices, that emerge spontaneously through human interaction rather than are the product of human design. Read more