Insights

New Zealand’s Asian century

We ought to be celebrating the contribution of Asian New Zealanders more often. This is more important than discussing the ethnicity of property buyers in the Auckland housing market. […]

Business Spectator

When monetary folly is not enough

After five tumultuous years of fighting the crisis arising from Europe’s monetary integration, leading European politicians are planning to go full steam ahead with the next level of integration. Their goal is the integration of fiscal policy. […]

Business Spectator

Now for the next euro crisis

Now that the Greek banks have re-opened, the third bailout package is on the way and something vaguely resembling normalcy is returning to Greece, we can finally deal with other things again: the euro crisis, for example. […]

National Business Review

Incentives trump all else

Imagine if both local and central government tax revenues reflected economic performance more directly. Under such a system, we would see a different attitude of local communities to a range of activities from mining to housing. […]

Insights

Greece, from bad to worse

For more than five years, Europe has been trying to find a response to the Greek crisis. In doing so, Europe managed to make a bad situation worse while burdening taxpayers with gargantuan liabilities. […]

Business Spectator

Merkel must face her Waterloo moment

If Merkel once again followed opinion polls, she might feel tempted to let Greece fail. It could even give her polling results another boost, even if meant a radical departure from her previous strategy. But it would also be an admission that Merkel’s policy on Greece has failed. […]

Business Spectator

The eurozone must stop playing the blame game

Now that Greece is finally and officially bankrupt, perhaps we might eventually see something resembling a solution to the crisis. How about Greece exiting the eurozone, devaluing its new currency, default on its debt and reform its economy? […]