ou do not have to own someone's house to help them, so why does Kāinga Ora's Reset Plan envisage continuing to own around 78,000 housing units? This week, The New Zealand Initiative published my report "Owning less to achieve more: Refocusing Kāinga Ora". Read more
My stat of the week is 38 percent. This is the provisional voter turnout at the 2025 local elections. Read more
I must confess, I am something of a literary philistine. So, when I heard this week that László Krasznahorkai had won the Nobel Prize for Literature, I had no idea who he was. Read more
You do not have to own someone's house to help them, so why does Kāinga Ora's Reset Plan envisage that it will continue to own around 78,000 housing units? After all, social housing can be owned by any combination of central and local government agencies, housing associations, community housing providers, iwi providers, not-for-profit charitable organisations and for-profit landlords. Read more
In early September, I warned that France’s politics could ignite Europe’s financial powder keg. The fuse, I suggested, might be lit when Prime Minister François Bayrou faced an inevitable confidence vote, which he would lose. Read more
This week, 20 economists published an open letter calling for increased government spending. They argue that spending now will reduce economic pain. Read more
Rugby, as readers of this newsletter will know, is a game played by men with funny-shaped balls. But as well as being a lot of fun to play and to watch, it turns out that the game has other uses. Read more
New Zealand’s fastest-growing sector isn’t tourism, dairy, or technology. It’s outrage. Read more
Most New Zealanders would struggle to explain what bank capital requirements are, let alone why they matter. Yet the Reserve Bank’s controversial 2019 decision to nearly double these requirements affects every mortgage holder and business borrower in the country. Read more
“We have no money, so we shall have to think.” That line is ascribed to New Zealand physicist Ernest Rutherford before he cracked the atom. The country’s current Prime Minister, Christopher Luxon and his Finance Minister Nicola Willis face a rather different conundrum, albeit under the same constraint: How do you deliver modern infrastructure when Treasury’s 2025 long-term fiscal statement projects government debt reaching 200 per cent of GDP by 2065? Read more
Some things that sound simple wind up being a bit messier than expected. Keeping kids off of social media sounds simple. Read more
Last year, Canadian First Nations leaders came to Tuahiwi marae, just north of Christchurch, for the third hui-ā-motu. They explained how they have been using their self-governing autonomy, which sounds a lot like rangatiratanga, to build economic self-determination. Read more
Sometime in the first half of 2019, Ji Ruan, a senior lecturer in computer science at Auckland University of Technology, organised an event to commemorate the twentieth anniversary of the Tiananmen Square massacre. He no doubt assumed that, in a free country like New Zealand, this would be no problem. Read more
Every time New Zealanders apply for a mortgage or business loan, they pay the price for the Reserve Bank’s controversial 2019 bank capital decision to increase capital requirements for major banks by almost 100%. The decision made our banks much more heavily capitalised than most of their international peers. Read more
Not long ago, doing anything on Canada’s Indian Reserves was almost as hard as doing anything on whenua Māori. Here, the roughly six percent of the country held under Māori land tenure is beset by regulatory difficulty far worse than that bedevilling the rest of New Zealand. Read more