Yesterday Federal Reserve Chairman Ben Bernanke gave a speech to the Council of Foreign Relations. I heard a few soundbytes on Radio NZ National on my way home last night and was particularly interested in his comments on the concept of ‘too big to fail’. Bernanke identifies that in a crisis, authorities have strong incentives to […]
Author Archive for: goonix
Goonix is an economist working in industry. His classic liberal views means that he is typically the most skeptical of the TVHE authors when it comes to government intervention in a market.
Entries by goonix
A few medical experts and lobbyists are calling for a “massive” hike in alcohol prices to solve a “national booze problem”. According to the article, alcohol costs $425 million in ACC payouts, $655 million in the public health sector, and $1.17 billion in lost productivity each year and is a contributing factor to 70 per […]
With the official cash rate set to fall even further later this week, shares become relatively appealing when compared with other financial instruments, such as bonds and term deposits. The old adage of ‘buy low, sell high’ seems fitting, given the battering shares the world over have taken in the past while. The NZX and […]
The DomPost contained an article on the potential for metering Wellington’s water supply. The question is asked: should Wellingtonians pay for their water? This issue is a hot topic, having been discussed at Kiwiblog, Infometrics and TVHE earlier this year. Historically, water has been provided for by the various Wellington councils out of rates. Water is […]
The previous Labour government bestowed a legacy upon NZ that included the first ever review of broadcasting regulations. Essentially the question being asked in this review is: does the current market situation warrant government intervention?
Today National released their corrections policy, which would allow the private sector to tender for the management of prisons. Although not a completely ‘new’ concept for New Zealand (Auckland Central Remand Prison was privately run under the last National Government) it nonetheless raises the issue of when is it appropriate for such services to be […]