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Time for clarity on Labour’s labour policy

Well, now we know what is likely to happen with taxes under a Labour government. National’s promised inflation-indexing of the lower income bracket tax thresholds will be gone, we will likely have some kind of water tax, but big changes like capital gains taxes are off the table until after a report from a Tax Working Group and the 2020 election. Read more

Dr Eric Crampton
18 September, 2017

Eric Crampton on 95bFM about New Zealand's economy

95bFM takes a look at New Zealand's economy and work. Producer Jack Marshall speaks to Aucklander's to get their thoughts on the future of work. Reporter Mack Smith talks to Chief Economist Eric Crampton to see how he thinks the economy is faring.  Read more

14 September, 2017
apple on book1

The power of ideas

The popularity of John Maynard Keynes is as cyclical as the business cycles he wanted to abolish. But beyond his macroeconomics, Keynes left us a fine observation on the power of ideas.In the closing chapter of his General Theory, Keynes wrote that “the ideas of economists and political philosophers, both when they are right and when they are wrong, are more powerful than is commonly understood. Read more

Dr Oliver Hartwich
The National Business Review
8 September, 2017
blue piggy on the grass 1

When a hole is not a hole

“There’s a hole in your budget, dear Labour, dear Labour, there’s a hole in your budget, dear Labour, a hole.” It is a pity that Finance Minister Steven Joyce did not sing his Monday press conference. It would have been an appropriate start to a week of political theatre. Joyce’s claim that there was an $11.7 billion hole in Labour’s fiscal plan was a bold and provocative interpretation of Labour’s spending plans. Read more

Dr Oliver Hartwich
Insights Newsletter
8 September, 2017

Proper process for Labour's Working Group on Tax Policy

In 1936 the much-quoted US journalist HL Mencken wrote“government is a broker in pillage, and every election is a sort of advance auction sale of stolen goods”. So here we are in 2017, preparing to vote in yet another government spending auction of someone else’s money. But whose money is it to be? Probably all the major parties chant in unison at this point: “Not yours, dear voter; of course not.” Then whose? Well, Labour seems to have the most... Read more

Dr Bryce Wilkinson
Insights Newsletter
8 September, 2017
TheOutsideoftheAsylum cover

Media release: We don't know how lucky we are in this country

This year’s election campaign has been just a little bit crazy. But New Zealand remains the world’s last sane place, says The New Zealand Initiative. It is important to keep it that way.The Initiative today released Chief Economist Dr Eric Crampton’s essay, The Outside of the Asylum. Its lighthearted take makes a serious point. Regardless of election year shenanigans, New Zealand gets a lot of things right that other countries screw up. For example: Read more

Media release
2 September, 2017
blue piggy on the grass 3

Smashed avocados

Nearly a decade ago, I first encountered millennials’ strange fascination with avocados. A younger colleague in Sydney often prepared her office lunch with fresh avocado, spread thick across a slice of bread. Until then, it had never occurred to me that this was a good use of this odd fruit. And I felt somewhat sorry for it: my colleague mixed it with an equal amount of Vegemite. Read more

Dr Oliver Hartwich
Insights Newsletter
25 August, 2017

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