When central banks get the blame for doing their job
Australians watching the economic drama unfold across the Tasman might find the plot familiar: An economy shrinks far faster than anyone forecast. Manufacturing slumps. Read more
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Australians watching the economic drama unfold across the Tasman might find the plot familiar: An economy shrinks far faster than anyone forecast. Manufacturing slumps. Read more
A young TikTok activist has discovered something shocking about New Zealand policymaking. Brace yourself: A leading New Zealand think tank recommended a knowledge-rich curriculum for schools. Read more
At Eden Park, concerts are capped at twelve a year from six artists. Weekday shows must finish by 11 pm, with a maximum duration of five hours. Read more
In this episode, James talks to Craig Mellare and Abdul Razeed, senior lecturers at the University of Sydney Business School, about their empirical study on grade inflation in Australian higher education. They discuss findings showing that grades have risen significantly over the past decade despite no improvement in student ability, and explore the institutional pressures driving this phenomenon including student evaluation systems, time constraints on academic staff, and the need to manage student appeals and expectations. Read more
Wellington (Monday, 22 September 2026) - The Reserve Bank of New Zealand has been unfairly scapegoated for the current recession when it was simply doing its job of bringing inflation under control, according to new research from The New Zealand Initiative. The research note, Monetary Policy Without Mates, reveals that while the RBNZ fought to tame inflation that peaked at nearly 8%, the government's fiscal policy worked against these efforts – forcing interest rates to stay higher for longer. Read more
Mike Hosking discussed the Initiative's report "Monetary policy without mates" on Newstalk ZB, agreeing with its argument that the Reserve Bank has been unfairly scapegoated for the current recession when it was simply doing its job of bringing inflation under control. He emphasised that the government's fiscal policy worked against the Reserve Bank's efforts, with Grant Robertson's spending forcing interest rates to stay higher for longer. Read more
Herald NOW mentioned Dr Oliver Hartwich on their news segment about the Reserve Bank governor appointment. He emphasised the importance of maintaining the Reserve Bank's independence and allowing it to focus on addressing inflation without political interference. Read more
They seem unable to help themselves. And it’s probably our fault. Read more
Dr Oliver Hartwich debated Robert MacCulloch on The Platform over claims that the New Zealand Initiative has "captured" the National government and is controlling fiscal policy. Dr Hartwich defended the Initiative, stating they have minimal contact with government ministers and would have pursued different policies if they truly had influence, particularly opposing last year's tax cuts in favour of budget consolidation and deficit reduction. Read more
Dr Eric Crampton told Kerre Woodham on Newstalk ZB that New Zealand’s 0.9% economic contraction reflects the Reserve Bank “going incredibly overboard” in 2020–21 and losing credibility on inflation, making today’s correction unavoidable. He criticised government claims of restraint, noting budgets remain “incredibly stimulatory” with “massive structural deficits,” and argued that if spending had returned to 2019 wellbeing-budget levels, the Bank would have had far more room to cut interest rates. Read more