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There have been accusations from some blogs that the NZ fiscal stimulus is too small relative to the rest of the world (No right turn, the Standard). However, I didn’t think this was right. Now the OECD has shown that this isn’t right: Now this isn’t to say that the fiscal response is right – […]
Pressure from parliament has led to supermarkets finding a way to collude and increase prices for alcohol sales. That is what I read from this article in the Herald. Of course it is being framed this way so that it sounds like a winner: The two big supermarket chains say they have stopped selling alcohol […]
Article is here. Discussion on Rates Blog is here. Money quote: Both political parties are unwilling to face that, with respect to government policies, there is a fundamental trade-off between some social values (fairness, justice, etc) and the level of productive activity. This trade-off is one of the primary reasons for the existence of government […]
In a recent column by Paul Krugman, he bemoans the fact that wages appear to be falling (ht Economist’s View). His primary justification for this comes from the following section:
Interesting piece from NZIER on unemployment policies. It is a fairly broad sweep over the issues – and so does not go into many of the technical or policy related issues of some concepts. However, it provides a clear way of viewing a number of the potential policies. However, I was surprised to see no […]
In preparation for Mother’s Day on Sunday it is important to see what mum’s think about economics. Over at www.postcardsfromyomomma.com we get to find out (ht Kids prefer cheese via Marginal Revolution) Backstory: After I got a D on my economics exam. Honey, econ is for boring and ugly people. You shouldn’t be in that […]