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So we’ve had Labour and the Greens make the cost of energy the first big pillar of their upcoming election campaign. The energy industry is important in a large number of ways, is something people care about, and is definitely policy relevant – so it is a good pick. I’d note I don’t talk on […]
I see the Rogoff-Reinhart figures regarding the correlation between GDP growth and the size of the debt stock are currently under attack – due largely to an unfortunate excel error discovered reported by Mike Konczal. Here are the list of posts about it at the moment: The initial post. Tyler Cowen’s thoughts. The R-R reply. […]
Although my article might not give that impression at first glance – that is actually where I am in agreement with Bob Jones here. However, I’m also saying that the RBNZ governor isn’t wrong about bringing up the “savings issue”, and it is fair for us to discuss where marketand government failures are … including […]
There is an interesting narrative running around at the moment. Liam Dann articulates it in the Herald: But wait, there is more; this property investment tradition is deeply damaging to the long-term growth of the New Zealand economy. As well as accelerating property prices it is taking investment capital away from the productive, job creating […]
What would you say if I told you I was currently in control of a hypothetical little country in my head – other than accusing me of of having some form of psychosis. In this little country there is a group of low income earners, who have a reservation wage (the hourly satisfaction from growing […]
Tyler Cowen does his normal thing of making a lot of very good points other people aren’t. For me these two are key: The rate of unemployment in Japan, last I checked, was 4.1%. Yes, they calculate it differently than we do, and yes in their heyday they had an even lower rate of unemployment. […]