NZ’s zombie rock star economy
Walk through Wellington, and you will see plenty of empty shopfronts and shuttered cafes. Switch on the radio, and you will hear experts say this is the best time to buy a house in years. Read more
Walk through Wellington, and you will see plenty of empty shopfronts and shuttered cafes. Switch on the radio, and you will hear experts say this is the best time to buy a house in years. Read more
Damien Grant isn’t normally the one making the case that the government needs to take more in tax. The liquidator and libertarian-minded columnist over at the Sunday Star Times more typically wants what libertarians generally want – a government that spends less and that can let each of us keep more of our own money. Read more
Dr Oliver Hartwich talked to Newstalk ZB on the corporate tax debt loophole that sees IRD writing off hundreds of millions of dollars annually due to the "Phoenix problem," where companies dissolve and reform under new names. Dr Hartwich highlighted Germany's solution, where directors face personal liability for tax debts if they fail to pay within 20 days or file for insolvency. Read more
A new approach to director accountability could prevent hundreds of millions of dollars in tax debt from becoming unrecoverable by requiring directors to act early when financial distress emerges. The research note, 'Responsibility before ruin: A pre-emptive fix for NZ's phoenix problem', addresses companies that accumulate large tax debts before dissolving, sometimes only to restart under a new name. Read more
Wellington (Tuesday, 2 December 2025) - A new approach to director accountability could prevent hundreds of millions of dollars in tax debt from becoming unrecoverable by requiring directors to act early when financial distress emerges, according to a research note from The New Zealand Initiative. The research note, 'Responsibility before ruin: A pre-emptive fix for NZ's phoenix problem', addresses companies that accumulate large tax debts before dissolving, sometimes only to restart under a new name. Read more
When plans to abolish regional councils were first rumoured, I was more than mildly sceptical. It isn’t that I’m a giant fan of regional councils; I couldn’t name more than a couple of my own regional councillors, and I bet most of you can’t either. Read more
If you enjoyed Fifty Shades of Grey (either the book or the movie), there’s no guarantee that you will enjoy Fifty Shades of Grades, the research note on grade distribution at New Zealand universities that I released earlier this week. Still, I like to think that the latter has enough titillating detail, spanking new analysis, and breath-taking climaxes (if only of series of data) to satisfy most readers. Read more
The Economist, not known for hysteria, has quietly announced that advanced economies are halving their populations every generation. A demographic magic trick. Read more
In this episode, Oliver talks to James Kierstead and Damien Grant about James's departure from New Zealand after 12 years, reflecting on his journey from academia to policy research and his observations of New Zealand's cultural and political shifts since 2013. They discuss the challenges facing New Zealand universities, including grade inflation and administrative bloat, alongside broader themes of democracy, academic freedom, and the tension between New Zealand's liberal traditions and parochial tendencies. Read more
On Monday morning, Eric Crampton and I appeared before the Environment Select Committee to present the Initiative’s submission on the Fast-Track Approvals Amendment Bill. It is well known that the Bill, and the fast-track regime more generally, is controversial among environmentalists. Read more
It is strange to observe a nation act irrationally and against its own interests. Stranger still when that nation is your own. Read more
A familiar lament has resurfaced in recent weeks: that Robert Muldoon’s decision to cancel Norm Kirk’s 1975 compulsory superannuation scheme cost New Zealand a trillion-dollar nest egg. The Government’s weekend signal of higher KiwiSaver contributions has given that argument new life, encouraging some to reach again for the comparison. Read more
Roger Partridge talked to Rob Forsyth on the Centre for Independent Studies podcast Liberalism in Question about his essay defending classical liberalism against critiques from Christian nationalists who argue liberal societies need "strong gods". Partridge argued that liberal democracy's ailments stem from policy failures in housing and education, institutional decay, postmodernism's corrosive influence, and inadequate civic education rather than from being too philosophically thin. Read more
On Thursday, Ukrainian President Volodymyr Zelensky faces an impossible choice. Sign the “peace plan” drafted primarily by a New York real estate developer and a Moscow financier. Read more
A grades are now only a few years away from becoming the most common grade awarded at New Zealand universities. The research note, ‘Fifty Shades of Grades: Grade Compression at New Zealand Universities’, builds on the Initiative's August report, ‘Amazing Grades’, which identified a substantial rise in A grades as well as rising pass rates. Read more