In the strange economic world of the global financial crisis, the complexity of our problems is enormous and the challenges are manifold: public debt, unsustainable welfare systems, ageing societies – to just name a few.
In case you have not noticed it, the euro crisis is over.
As you know, 2012 was an eventful year for The New Zealand Initiative, not in the least because it was our first.
Because of all his personal failings, it is unlikely the Italians will give Berlusconi a fourth chance to lead their country.
What Australia would need instead are the kinds of structural reforms that have been neglected for years.
One of the most oft-quoted sayings in economics is Herbert Stein’s famous dictum that if something cannot go on forever, it will stop.
© Dr Oliver Hartwich