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Poll – TVHE http://www.tvhe.co.nz The Visible Hand in Economics Fri, 19 Dec 2008 00:38:44 +0000 en-GB hourly 1 https://wordpress.org/?v=6.9.4 3590215 Parochial Wellington posting http://www.tvhe.co.nz/2008/11/13/parochial-wellington-posting/ http://www.tvhe.co.nz/2008/11/13/parochial-wellington-posting/#comments Thu, 13 Nov 2008 03:29:23 +0000 http://tvhe.wordpress.com/?p=1915 TVHE is a bunch of current and former Wellingtonians so, via The Wellingtonista, here is a map of how we voted down here.

screenshot-1

Tom at The Wellingtonista has done an amazing job with the data so click the map to see a detailed breakdown by polling booth. Interestingly, the CBD is a haze of red, whilst the other ‘town’ area of Lower Hutt looks like a National voting zone. State housing areas around Naenae and Cannon’d Creek are vehemently for Labour, but the yuppie zones of Whitby and Oriental Bay vote National. National also got the farmers’ vote from Ohariu Valley, Whiteman’s Valley and Pauatahanui.

I guess the only thing that surprises me is how solidly the CBD is for Labour. I guess we are a bunch of lefty liberal types after all… sorry Goonix!

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Should we be bullish about food prices? http://www.tvhe.co.nz/2008/10/20/should-we-be-bullish-about-food-prices/ http://www.tvhe.co.nz/2008/10/20/should-we-be-bullish-about-food-prices/#comments Sun, 19 Oct 2008 19:09:08 +0000 http://tvhe.wordpress.com/?p=1629 According to Tony Arthur at BNZ we should be.  This is an essential issue for NZ as it determines where our Terms of Trade stays elevated – or whether it falls.  In turn it determines our national income, given what we produce.

I agree with many of the factors he states (although he is a bit bullish on them) but I think he ignores factors around the long run elasticity of supply of food.  So I thought I’d try a poll (my first one 🙂 ), and do a post based on discussing the dominant view later:

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The Greens understand economics http://www.tvhe.co.nz/2008/10/17/the-greens-understand-economics/ http://www.tvhe.co.nz/2008/10/17/the-greens-understand-economics/#comments Fri, 17 Oct 2008 02:31:28 +0000 http://tvhe.wordpress.com/?p=1607 Or so Russel Norman said when asked by Paul Henry earlier this week what the most common misconception about the Greens is. What do you think? I’m going to try a poll for the first time ever on tvhe, hopefully it works:)

I somehow stumbeled across this article from the greens (don’t ask me how..) which I think illustrates their understanding of economics

http://www.greens.org.nz/node/20081

I’ll be honest and admit I stopped reading the article after the paragraph i’m about to reproduce so I’m open to accusations of trolling, but this was little gem

“Reducing saving by cutting KiwiSaver is the same as increasing debt. It won’t show on the Government’s balance sheet, because Key has swapped Government debt for private debt. Lower savings will show up on households’ balance sheets as increased private debt, which is already too high,” Ms Fitzsimons says.

Two points here:

  • Households face a budget constraint, how does lowering saving increase debt?!?
  • people might borrow against their government subsidized kiwisaver account (ht Matt Nolan)

I’m slightly baffled on how lowering savings increases debt. If we look at things at a very holistic level consumers have income and borrowings which they can use to save, consume or pay off debt.

If you push down savings you can consume more or repay more debt, if anything it seams to be me lowering savings will reduce debt.

Now i’m just hoping that someone tries to argue that by having money in Kiwisaver that money grows and thus you can use that to pay off your debts, do it, I dare you:D

Agnitio

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