Latest posts
  • Just as we should not change the basic rules of rugby lest we destroy the game itself, we should not change the basic principle of the market, either. In rugby and in capitalism, the purpose is to win. [...]
  • At the beginning of the century, The Economist famously called Germany the “sick man of Europe”. The way things are going, we are likely to read similar headlines again soon. [...]
  • The Unreserved Bank

    16/08/2019

    The RBNZ needs urgent clarification that the Monetary Policy Committee will only pursue monetary goals, even under conditions of quantitative easing. [...]
  • As the Reserve Bank takes on fiscal functions, its political neutrality and commitment to monetary stability, as well as maximum sustainable employment, need to be re-emphasised. [...]
  • Let us celebrate the relative civility of our domestic politics and defend robust and constructive debates. [...]
  • Unless you have a mortgage or you are the Minister of Finance, it is a world you would not want to inhabit. But for millions of Europeans, that may soon be reality. We can only hope that even after the RBNZ’s next cut, New Zealanders will not contemplate going into the topsy-turvy world the Germans are about to enter. [...]
  • Given the past and current closeness of Treasury and the Reserve Bank, should not a monitoring agent be more removed from the object it is supervising? [...]
  • He famously claimed his chances of becoming Prime Minister were “about as good as the chances of finding Elvis on Mars, or my being reincarnated as an olive”. It probably means Boris Johnson will be a pizza topping in his next life. [...]
  • All’s well that ends well. There is a temptation to sum up the resolution of the European Union’s personnel-finding troubles in such a Shakespearean way. [...]
  • Danish lessons

    19/07/2019

    Whatever Denmark does, it can only do so because it is backed by impressive productivity. If New Zealand wants to improve its wellbeing, it needs to lift its abysmally low productivity first. [...]

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