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Budget 2024

The Unreserved Bank

On Monday, Adrian Orr was interviewed on TV One’s Q+A programme. If you had not known that Orr is the Governor of the Reserve Bank of New Zealand, you could have mistaken him for a politician.Orr expressed clear views not just on monetary policy but on fiscal policy as well. He urged the Government to spend more, especially on infrastructure.The two policy areas are important to each other but they are not the same. Read more

Dr Oliver Hartwich
Insights Newsletter
16 August, 2019
Sisyphus2

Bad stats are hard to kill

It is the hope that this time it will be different that really kills you. Sisyphus at least knew his labours were futile and could resign himself to the task of forever pushing the boulder uphill.A decade ago, Matt Burgess and I went through BERL’s headline-grabbing $4.8 billion measure of alcohol’s social cost. Sir Geoffrey Palmer, heading the Law Commission’s alcohol legislation review, had cited the gap between BERL’s measure of social cost and alcohol tax revenue to justify imposing... Read more

Dr Eric Crampton
Insights Newsletter
16 August, 2019

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