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From the vantage point of my earlier career at think tanks in London and Sydney, I have had front-row seats to the theatre of value-added tax (VAT) and goods and services tax (GST) policy lunacy. I have seen this seemingly innocent taxation mechanism morph into a clumsy beast, causing bureaucratic nightmares and economic distortions. Read more
Nights regular and chief economist with The New Zealand Initiative, Eric Crampton, talks to Mark about the removal of GST from food and how we fund infrastructure.
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There is plenty of room for honest disagreement on economic policy. Normally, it’s about trade-offs among worthy goals. Read more
New Zealand prides itself on being an open trading nation. When it comes to trade in goods and services this claim is certainly true. Read more
The early decades of the 21st century may be remembered as the great age of misinformation. From false assertions about the size of the 45th President’s inauguration crowd to science-free claims about nano-technology, 5G cell phone towers and COVID-19, fake news abounds. Read more
One bit of the Climate Commission’s draft advice, released in March, seemed particularly strange. The Commission worried that a surge in forest planting over the coming years would bring about a collapse in ETS prices in the 2030s and put New Zealand’s net zero commitments beyond 2050 at risk. Read more
According to American folklore, Irish gold miners were notorious for striking it lucky. Yet, historian Edward O’Donnell claims the phrase ‘The luck of the Irish’ comes with a hint of derision. Read more
The Prime Minister has ruled out a wealth tax so long as he is leader of the Labour Party. The promise may have been driven by recent polling, but it is sound economics nevertheless. Read more
There are no silver bullets in housing and infrastructure policy. Too many separate problems compound, resulting in a severe housing shortage and some of the world’s least affordable housing. Read more
Wellington (Tuesday, 11 July 2023) – The New Zealand Initiative’s new report suggests better tools for infrastructure funding and financing. Chief economist Dr Eric Crampton argues infrastructure funding and financing are a root cause of New Zealand’s housing shortage. Read more