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Over on Rates Blog they’ve popped up part three of the six part thing I’m writing about tax. Over here, we’ve blogged on part 1 and part 2, and added a part 2b for kicks. You’ll notice I’m doing sometime pretty specific when I’m loitering around the tax system. I’m talking about the properties of […]
I wrote this as a comment over on Dim Post on this blog post. Then I decided, why don’t I just use this rant as a blog post instead, so I don’t need to think of anything else to write? Sure, very few people will see it, but it will reduce my workload for the […]
Over on Frog Blog Russell Norman says we should have a rational debate about policy – in this instance the idea of having the RBNZ finance government spending by buying government bonds when the government increases spending. Good, this is the right sort of attitude, we should be willing to debate and discuss everything – […]
I don’t like to write about other economists, unless it is to say how sexy they are. But I can’t let this slide Ganesh, why, why are you willing to sell soundbites that do not cover off the trade-offs you are advocating? The Berl economist told deer farmers in Wellington the bank should become a […]
In the second part of my series on taxation I wrote about distortion and burden. But I’m not sure whether my description about wedges and how people respond to prices was necessarily clear enough for a non-economist audience. So I’m going to experiment with some other ways of articulating what I mean – ways that […]
Hmmm, it looks like no-one wants to dissuade people from viewing the new RBNZ tools as ways to “stop bubbles”. I think this is a dangerous mistake. The focus on financial stability, and system risk in the banking system, is due to concerns that a sudden shift in asset prices could lead to a breakdown in […]