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Comments on: Translation: Foreign investment http://www.tvhe.co.nz/2010/08/06/translation-foreign-investment/ The Visible Hand in Economics Sat, 07 Aug 2010 09:10:44 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: Making Money with Vending Machines | Tebook.Com http://www.tvhe.co.nz/2010/08/06/translation-foreign-investment/#comment-26849 Sat, 07 Aug 2010 09:10:44 +0000 http://www.tvhe.co.nz/?p=5221#comment-26849 […] TVHE » Translation: Foreign investment […]

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By: How to Invest During Economic Downturns: Commodities Vs. Stocks | American Economic Recovery http://www.tvhe.co.nz/2010/08/06/translation-foreign-investment/#comment-26829 Fri, 06 Aug 2010 15:40:15 +0000 http://www.tvhe.co.nz/?p=5221#comment-26829 […] TVHE » Translation: Foreign investment […]

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By: Matt Nolan http://www.tvhe.co.nz/2010/08/06/translation-foreign-investment/#comment-26784 Fri, 06 Aug 2010 03:28:27 +0000 http://www.tvhe.co.nz/?p=5221#comment-26784 @WH

Even if this extreme assumption was true – the solution would be to establish pricing that took this into account, not to restrict voluntary trade with people who are not “one of us”.

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By: WH http://www.tvhe.co.nz/2010/08/06/translation-foreign-investment/#comment-26783 Fri, 06 Aug 2010 03:26:17 +0000 http://www.tvhe.co.nz/?p=5221#comment-26783 hmm where have I effectively seen this comment before – “the current generation will completely ignore intergenerational equity, and the only way to “fix it” will be to impose restrictions on the current generation”? Thats right the Stern review – a report commissioned by the then PM Tony Blair for the UK Government – not sure what Lord Stern is doing these days, possibly peer review for BERL.

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By: Matt Nolan http://www.tvhe.co.nz/2010/08/06/translation-foreign-investment/#comment-26779 Fri, 06 Aug 2010 02:05:22 +0000 http://www.tvhe.co.nz/?p=5221#comment-26779 @rauparaha

I’m willing to say that his interpretation assumes that “the current generation will completely ignore intergenerational equity, and the only way to “fix it” will be to impose restrictions on the current generation”.

As a result, he finds it unnecessary to open his argument up more transparently.

I realise that economists get a lot of stick, but having an open and tractable framework to put our assumptions inside is useful. If only he had done that I’m sure he would not have come out so harshly.

If this isn’t the case then it does really damage my view of this new version of the Green party …

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By: rauparaha http://www.tvhe.co.nz/2010/08/06/translation-foreign-investment/#comment-26778 Fri, 06 Aug 2010 02:01:56 +0000 http://www.tvhe.co.nz/?p=5221#comment-26778 @Matt Nolan
Isn’t he a lawyer by trade? They tend to know how to be careful with their words so I’m not so willing to be generous. Unless you have evidence he’s stupid, which seems extremely unlikely, I’ll take him at his word: he’s a populist xenophobe who’s willing to sacrifice NZers’ welfare in order to keep foreigners out.

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By: Matt Nolan http://www.tvhe.co.nz/2010/08/06/translation-foreign-investment/#comment-26777 Fri, 06 Aug 2010 02:01:19 +0000 http://www.tvhe.co.nz/?p=5221#comment-26777 @rauparaha

Its times like this I wish there was a like function on comments …

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By: rauparaha http://www.tvhe.co.nz/2010/08/06/translation-foreign-investment/#comment-26776 Fri, 06 Aug 2010 01:59:48 +0000 http://www.tvhe.co.nz/?p=5221#comment-26776 @BigCake
That’s exactly where the benefit to NZ lies. Suppose you own a farm and think you can make $100K on it this year. Now a foreigner thinks he can make $150K so he pays you $120K for the farm. He’s $30K better off and you’re $20K better off so everyone wins. If you’re worried about future returns then think of the values as NPVs. The idea that $150K going offshore means that the New Zealander has lost out is ludicrous; yet that’s what a lot of people appear to be worried about.

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By: Matt Nolan http://www.tvhe.co.nz/2010/08/06/translation-foreign-investment/#comment-26775 Fri, 06 Aug 2010 01:54:42 +0000 http://www.tvhe.co.nz/?p=5221#comment-26775 @rauparaha

I was shocked by the undertone of his article – I’m not sure he realised quite how it sounded. I suspect he believes that the current generation will completely ignore intergenerational equity, and the only way to “fix it” will be to impose restrictions on the current generation – if that is the case I wish that this was the discussion, as the extreme nature of his assumptions would be more transparent.

The lingo smells of populism.

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By: rauparaha http://www.tvhe.co.nz/2010/08/06/translation-foreign-investment/#comment-26774 Fri, 06 Aug 2010 01:48:59 +0000 http://www.tvhe.co.nz/?p=5221#comment-26774 @Matt Nolan
OMG, I can’t believe what I just read in Russell Norman’s blog! I am genuinely shocked to hear someone who purports to be a proponent of civil and human rights talk about “hard right policy settings that maximise… freedom”. I fully agree with you, Matt!

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