• brown wooden gavel on brown wooden table

    The jury is out

    I still believe in trial by jury.  But not in the efficiency of our justice system. [...]
  • man s black blazer and brown traditional hat

    Europe’s path to Mexico’s debt crisis

    The moderate increases in the European Central Bank’s interest rates are far from being brutal but the writing is on the wall that Europe’s monetary party is about to end, and Southern Europe has remarkable parallels to Mexico and Latin America in the 1980s. [...]
  • person putting coin in a piggy bank

    Back to the supply-side future

    Deregulation, privatisation, lower taxes, free trade, and openness to trade and investment may have fallen out of fashion recently. We need to bring them back into fashion to cope with our many economic challenges. Deregulation, privatisation, lower taxes, free trade, and openness to trade and investment may have fallen out of fashion recently. We need to bring them back into fashion to cope with our many economic challenges. [...]
  • close up photography of water flow
    Three Waters is about everything. It is about the government’s new race-relations agenda. It is about the Ardern Government’s direction for the country. It is about the divide between Wellington and the regions. It may even be a little about water. [...]
  • saint basil s cathedral and spasskaya tower in red square moscow russia
    The strategic implications of Putin’s war against Ukraine keep evolving as the conflict enters its fourth month. As yet another unintended consequence, it has broken the anti-EU axis between Warsaw and Budapest. [...]
  • pile of gold round coins
    Stability is the task for which central banks were established. But by becoming involved in social, indigenous or environmental policy areas, central banks lost sight of it. [...]
  • brown and orange house with outdoor plants
    In Māori mythology, the hero Māui once used a magic jawbone to slow the sun. If New Zealand is to avoid galloping inflation, the RBNZ governor will need to devise some similar trickery soon. [...]
  • wrecked ship
    Reality obviously has not caught up with this Government yet. New Zealand is facing an economic crisis, but the Government is having none of it. [...]
  • soldiers-military-usa-weapons-87772.jpeg
    Of all the developments triggered by Putin’s war, the left's departure from pacifism may be the most surprising one. It will be interesting to see whether only the left in Europe will focus on security in this way. [...]
  • green field under white and blue clouds during daytime

    Bridges to Ukraine

    13/05/2022

    International junkets for public servants are not my cup of tea. But I will make an exception for the New Zealand Transport Agency, Waka Kotahi. Let’s send their infrastructure team to Ukraine. [...]
  • brown and orange house with outdoor plants
    When it comes to their foreign policy issues, you might not think Germany and New Zealand have much in common. But the parallels in both countries’ international positioning are astonishing. [...]
  • building construction site work
    Successful economies have low unemployment. However, these are no ordinary times, and New Zealand’s ultra-low unemployment rate of 3.2% should worry everyone. [...]
  • bank notes bill bills blur
    Europe will face difficult monetary conditions for years to come. If the bank is unlucky, inflation expectations will solidify, and rapid price increases will become a permanent feature for the Eurozone. [...]

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