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Political hierarchies are like fish: both rot from the head downward. So, when fishing starts to stink, we need to first look at the fisheries management hierarchy. Read more
University of Otago Associate Professor Nick Wilson argued that Disney’s classic 101 Dalmations should carry an R rating. Why? Read more
Globally, growth in productivity and GDP has stalled. Much of the West and Japan suffer from rapidly deteriorating demographics and crippling levels of debt. Read more
Auckland’s housing crisis produces some strange side effects. One of them is that the word ‘boarding school’ might acquire a new meaning. Read more
In the mid-2000s, when inflation was running hot and the Reserve Bank was having a tough time keeping things under control, the former Business Roundtable’s Roger Kerr warned that monetary policy needed mates. Government made the Reserve Bank’s job even harder by running expansionary fiscal policy when labour markets were tight and inflation was a problem. Read more
Heritage buildings provide real value. They are often cherished by their owners, who bought them for their character. Read more
If there is one art Prime Minister John Key’s New Zealand government has mastered, it is expectation management. So for its eighth budget, delivered yesterday, expectations were low. Read more
It has now been a couple of weeks since we found out that the Overseas Investment Office was not being as thorough in its background character checks on investors as some might have wanted. Every day, I’ve been scanning the newspaper headlines, waiting for the other shoe to drop. Read more
It is a journalistic sin to come up with headlines such as “Small earthquake in Chile, not many dead”. With that in mind, you have to pity journalists trying to write about yesterday’s budget. Read more
Amid the rancorous debate about whether a land tax should be imposed on non-resident property buyers it is vital to remember what caused New Zealand’s housing crisis in the first place: a sustained lack of land supply. Far too often in the discussion on how to cool Auckland’s white-hot housing market the focus strays from this fundamental fact, and falls on demand-side factors. Read more