Reserve Bank drifts out of its lane again
A principal who runs a school well does not get to tell parents what to cook for dinner. The authority is real – but it is specific. Read more
A principal who runs a school well does not get to tell parents what to cook for dinner. The authority is real – but it is specific. Read more
From 2007 until about two weeks ago, New Zealand’s regulators considered prediction markets as a kind of futures market. Then the Department of Internal Affairs decided they are gambling. Read more
In this episode, Oliver talks to Roger Partridge about his new report, Renovating the Nation, which proposes selling around $25 billion worth of government-owned commercial assets and reinvesting the proceeds into critical public infrastructure. Drawing on the success of New South Wales's asset recycling programme, Roger argues the Crown has too much capital tied up in businesses it doesn't need to own, and that ring-fencing sale proceeds in an independently governed fund could deliver the roads, hospitals, and public transport New Zealand desperately needs. Read more
This webinar launches Renovating the Nation: How Asset Recycling Can Help Solve the Infrastructure Deficit, a report by Roger Partridge arguing New Zealand can fund new infrastructure by recycling Crown-owned commercial assets the government does not need to own. Hosted by Dr Oliver Hartwich and featuring Fran O’Sullivan and Fraser Whineray (former CEO of Mercury), the discussion unpacks the New South Wales model and why New Zealand’s past asset sales failed to build trust. Read more
Wellington (Monday, 2 March 2026) - New Zealand could unlock more than $24 billion for essential infrastructure by recycling mature Crown-owned commercial assets, according to a new report by The New Zealand Initiative. Renovating the Nation: How Asset Recycling Can Help Solve the Infrastructure Deficit, by the Initiative chair Roger Partridge, argues the government should redirect capital tied up in commercial enterprises into hospitals, schools, roads and water systems — without raising taxes or increasing public debt. Read more
Report author Roger Partridge will also discuss his report on a webinar with Fran O'Sullivan and Fraser Whineray on 2 March at 2:30 pm. You can register for that webinar here. Read more
Cities are shaped by millions of individual decisions. When people choose where to live, work and build, an order emerges from their combined choices – what urbanists call "spontaneous order." It arises from markets and human interactions, not from master plans. Read more
Many pre-modern people believed gambling was bad and suppressed it. If you think about it, your life insurer is a bookie betting that you’re not going to die this year. Read more
The central Government has a local government problem. Rates have been rising too fast, regional councils are seen as inefficient and unaccountable, and the public wants action. Read more
In this episode, Eric Crampton talks to Nick Clark about New Zealand's long and troubled history with the Resource Management Act — and whether the Government's 744-page replacement really fixes it. They examine the missing property rights protections, the absence of robust cost-benefit analysis, and the fail-safes needed to ensure the new framework delivers better outcomes for New Zealanders. Read more
On 5 February 2026, Donald Trump stood before the National Prayer Breakfast. The room was full of the faithful – pastors, politicians, and conservative leaders who had long believed that America’s renewal required a strong hand. Read more
New Zealand has been trying to fix its resource management system for the better part of three decades. The Resource Management Act has been amended virtually every year since 1991 and reviewed several times during that period. Read more
In August 2025, Dr Oliver Hartwich delivered the inaugural Da Vinci Lecture at the Portfolio Construction Forum Strategies Summit, an essay called Leonardo’s Legacy. That lecture attempted something ambitious – to trace the civilisational architecture that connected the Renaissance humanists to our present moment, and to explain how that structure was failing us. Read more
European integration has always been a tug of war. On one side stand the enthusiasts. Read more
In this episode, Oliver talks to retired Major General John Howard about escalating US–Iran tensions, what 'phase zero' military build-up signals, and the pathways from diplomacy to potential strikes. With New Zealand holding, as Howard notes, around 14 days of fuel reserves, they explain why disruption in the Strait of Hormuz matters, and why energy security and national resilience deserve far greater urgency. Read more