Oh dear. What an embarrasment. The Prime Minister's advisers wrote her a conference speech which summarized why this government has become unfit to govern. Since it was based on a misunderstanding of the Covid-19 shock and, as a consequence, the types of changes we need to make to get things back on track. The start of the speech copied the Finance Minister's Budget Speech of 2021 when he said the first Labour government of Michael Joseph Savage and his establishment of the w
Well, that's a rhetorical question. Yes, of course it will be (renewed). You read it here first. In our country of upside-down incentives, it's the reward the Governor is going to get from Grant Robertson for completely missing his Key Performance Indicator, namely the inflation target which he undertook to meet as part of his signed agreement with Finance Minister Robertson. Just goes to show, in the "New" New Zealand, performing in your job in Wellington bears little relati
In a shot across the bows of former Labour Minister and ACT Party President, Richard Prebble, the NZ Herald Business Editor "at large" has accused him of biasing an article he wrote in favor of the libertarian view & against centralization, without highlighting the violence that comes with a "truly libertarian society". Here are the Heralds' words: "Prebble expressed concerns about the centralised model, arguing that “when the government takes everything, people stop working.
How does the RBNZ's latest "Financial Stability Report begin? With the line, "There are increasing downside risks to the global economic outlook". Then it continues, "Strong & persistent inflationary pressures are requiring continued monetary tightening, as acute challenges from COVID-19 and global supply chain issues lessen .. Russia’s invasion of Ukraine in February sparked a large increase in global commodity prices ..". Fascinating stuff. I guess its known in propaganda c