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Malta must be an exceptionally well-governed country. In the latest Eurobarometer opinion poll, only 53 per cent of Maltese said they tended not to trust their political parties. Read more
The New Zealand economy is undoubtedly in good shape but not all the factors behind the boom can or should be sustained indefinitely. This raises two questions: How much is temporary? Read more
There are a few relationships in economics that are almost set in stone, with the odd exception to the rule. If supply increases, prices fall. Read more
It is often said that tax is the price we pay for a civilised society. Indeed, taxes are necessary to fund key public services, including defence, law and order, the courts, border controls, civil defence, foreign affairs, public administration generally, and a contestably lengthy list of other potentially worthy activities of a collective nature. Read more
On Tuesday, I spoke at a conference organised by our sponsor, PortfolioConstruction Forum. The audience were mainly Australian and New Zealand investment advisors and wealth managers and my topic was the state of their respective economies. Read more
Individuals should – and in most countries including New Zealand they do – have the right to make their own decisions about their lifestyle, such as which career path to follow, what to wear, and what to eat and drink. A number of lifestyle choices, particularly those regarding diet and exercise, have direct effects on an individual’s physical health. Read more
No, it was not a good start to the year for the European Union by any account. The French President had to spend more time sorting out his own private affairs than his country’s ailing economy, Italy managed to kick out the third Prime Minister in as many years, and the German Constitutional Court effectively killed the European Central Bank’s main policy to save the Euro. Read more
Foreign direct investment (FDI) is a contentious subject and there is no limit to the number of debates questioning the efficacy of inwards FDI to the economy. However, the link between investment, FDI and economic growth is well-established. Read more
This year is bound to be an exciting and tumultuous one, as the first tangible effects of the long-awaited economic recovery (in growth terms) coincide with the electoral cycle. Voters can expect the nature of the election promises on both sides of the line to change substantially, with politicians emboldened by the overall uptick in economic activity. Read more
In debating, speakers are not rewarded for having a superior argument per se. They are rewarded for convincing the audience that they do. Read more