Rudd’s second premiership may turn out to be short-lived because Australian Labor, divided and exhausted, lies in tatters. Only someone like Rudd could not care about that. After all, he never cared for anyone or anything other than himself. The kindergarten of Australian politics has finally turned into a farce. It is the Australian people who will have their say on it in the forthcoming elections. […]
After more than 200 years, the case for free trade remains as strong as in Adam Smith’s times. But the so-called free trade agreements such as the trans-Atlantic deal are not the best way to promote this ideal. The result of such initiatives may well be a step in the opposite direction. […]
Die Wirtschaftsgeschichte lehrt, dass für eine solche Politik des billigen Geldes langfristig stets ein hoher Preis zu zahlen ist. Zu den Schulden, dem hohem Alter der Japaner und der Dauer-Depression dürfte sich eine Währungskrise hinzugesellen. Das Land der aufgehenden Sonne geht seinem Untergang entgegen. […]
If you have not noticed it yet, 2013 is the International Year of Statistics. To celebrate this momentous occasion, Statistics New Zealand invited me to speak at a breakfast event on the trustworthiness of statistics. […]
The idea of copying the Norwegian example of an SWF in New Zealand is simple, tempting, attractive – and wrong. […]
Germany’s most important decision for this year will not be made by its people in general elections but by eight judges in red robes. And that makes it worth paying attention to this rather obscure and complicated law case. […]
Will people eventually realise that the printing press is no substitute for good policy? And where will this leave the global economy? And what will happen to the monetary order? […]
The global economy may appear to have calmed somewhat since those stormy days when Lehman Brothers collapsed in late 2008. But it’s just the calm before an even fiercer storm. […]
At least in principle, there is widespread agreement that New Zealand should aim to increase its exports – whether you subscribe to the government’s target of 40% of GDP by 2025 or not. There is less agreement on how such an exports boost could be realistically achieved and which sectors are most likely to drive it. This holds especially true for New Zealand’s second largest exports industry (after dairy): tourism. […]
Regardless of his actual reasons, Oettinger was simply right in his analysis – as indeed evidenced by the Commission’s very own policy recommendations to member states. Europe needs major reforms to get its existential problems under control. […]
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