Entries by Matt Nolan

Creative destruction

I’ve always had a soft spot for the idea of creative destruction, even though my understanding of the it is well below par. I found the following article interesting, in the way it used the idea of job creation and destruction to describe the process of changing unemployment.  It gives us a good idea about […]

GST as a neutral tax?

I was reading a quick little post on Econlog. In it they say that you should not tax income, you should tax consumption. Ergo we should remove income taxes and replace them with a higher rate of GST. The main criticism I often hear about this is that GST is regressive. Now I used to […]

The week in numbers

An increase in the OCR to 8.25%, on the back of increases in food and oil prices The year end merchandise trade balance worsened to -$6,230m The exchange rate broke through $0.81US this week, just to fall back to $0.78US now. As most analysts expected, the RBNZ lifted interest rates. They also said they were […]