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Remember the simple fact that, as long as we believe people are responsible, have better information on themselves, and are better able to make choices regarding themselves then arbitrary regulation (or some lesser combination of these points), then we shouldn’t focus on the entire “social cost (private + external costs)” associated with alcohol when regulating. […]
We posted recently criticising the method in which the Law Commission has decided to approach its revamp of alcohol regulation. In the comments there was some vociferous criticism of the BERL report on which the Law Commissions relied for its estimates of the harm of alcohol usage. We were also lucky enough to have a […]
The NZ Law Commission is on the way to cutting back on the availability of alcohol. Their justification is twofold: The contribution that excessive use of alcohol led to law and order problems in the country. The serious health and injury effects from alcohol consumption, as well as a list of other social harms. And […]
A few medical experts and lobbyists are calling for a “massive” hike in alcohol prices to solve a “national booze problem”. According to the article, alcohol costs $425 million in ACC payouts, $655 million in the public health sector, and $1.17 billion in lost productivity each year and is a contributing factor to 70 per […]
Inflation went up to 2.5% in the March quarter, its highest rate since 2011. This was a fair amount above expectations, with the RBNZ expecting a 2.2% rate. They were not alone with private sector forecasters also expecting weaker inflation outcomes. This raised two questions from me: Is this evidence that COVID was a supply […]
As the world starts to move from focusing on growth to wellbeing a group of neuroscientists decided to test people’s brains to check whether ‘happiness’ occurred as predicted. The BBC reports that they found “We can look at past decisions and outcomes and predict exactly how happy you will say you are at any point in […]