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Further to our discussion of New Zealand doing a compensated shift of taxes from income to GST (see here, here, here, here, here, here, here) we come to the issue of economic imbalances in NZ. Ok, so the imbalance has something to do with tradable sector activity flatlining while non-tradable sector activity increased – meaning […]
Over at the Rates Blog Andrew Coleman has written a piece on fixed mortgage rates and the monetary policy transition mechanism. His initial point is that the ability of the Reserve Bank to smooth economic activity has been constrained by the fact that so many New Zealander’s hand fixed rate mortgages, compared to Australia where […]
Hi all – below is the text version of our book review of Thomas Piketty’s “Time for Socialism“. The video can be found here. Would be keen for thoughts, and if there are other books people want reviewed.
When writing this post I found myself a bit uncomfortable with terminology like “use value” and “exchange value” and so steered away from them – well also because a production function approach to the question is just so much damned clearer! Exchange value was fine, but use value I found a bit confusing – as […]
While I have been MIA over the last four years a lot has changed on the internet and in terms of economic and social discourse. The weird infatuation of the alt-right with “globalists” and nonsensical economic arguments is particularly upsetting – and I’ll be discussing how the decline in persuasiveness of economists has helped these types […]
Note: Renamed this from “Discussion Thursday” as I ended up inadvertently writing a post rather than a comment … Sorry, a bit busy to do real posts. Also wanted to get a discussion going on this excellent quote from Eric Crampton about using sugar taxes to pay for the “health care externality” from obesity/sugar consumption: […]