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Everyone has heard a variant of the story of the student who goes to the guru in India to ask how long it will take to reach enlightenment. The guru says, “It often takes three or four years but, because you are working so hard at it, it will take 10.” There are lessons in this for the Labour Party. Read more
Lamenting your loneliness? Forget taking advice from Dale Carnegie’s How to win friends and influence people, and carry on listening to Eric Carmen’s All by Myself. Read more
If you are a born optimist, you may have concluded by now that the euro crisis is over. Indeed, we have not heard much about it lately. Read more
Spurred on by the Labour Party’s recent pledge to deliver three years of free tertiary education (should they be elected in 2017), New Zealand’s student unions are again calling for universal free education. But in praising countries where universal free tertiary education exists, advocates often gloss over what makes free tertiary education possible in the first place – like higher taxes. Read more
Perhaps the most astonishing aspect of New Zealand’s political system in the Key era is its broad stability. That is not to say New Zealand politics is boring or there was no movement in the polls. Read more
The late Ronald Reagan once said “There are no great limits to growth because there are no limits of human intelligence, imagination and wonder”. At The New Zealand Initiative we share his optimism. Read more
Left-wing blog The Standard veered beyond its usual polemic last week with a guest post that painstakingly laid out how Auckland Council had spent $1.24 billion on a new IT system with little to show for it so far. The piece, written in response to Bernard Orsman’s scoop in the New Zealand Herald, was notable for its familiarity with major IT project processes, and how far Auckland Council had strayed from industry best practice. Read more
More than a few folks have emailed me the latest from The Guardian on the coming intergenerational war. Youth incomes have been going backwards in too many countries. Read more
How central banks communicate their monetary policy intentions to the market matters. First, central banks must be credible. Read more
Sometimes, the supermarket sticker price is just there to make the sale price look better. Anchoring expectations matters. Read more