Via Marginal Revolution we have seen this post from Steve Landsburg. So what happens if the government takes Mr. Kendrick’s $84 million away? Answer: A bunch of zeros and ones get shifted around on bank computers. Mr. Kendrick goes right on pushing his cars around. And nothing else has changed. Unless, of course, the government […]
In an interesting post on macro-blog, two things are mentioned towards the end: Specifically, the pre-2008 consensus argued that monetary policy should follow a ‘rule’ based only on output gaps and inflation, but a few dissenters thought that credit aggregates deserved to be watched carefully and incorporated into monetary policy. The influence of the credit […]
Via Facebook I’ve been informed that our Australian friends have added an interesting interpretation to the costs of crime syndicates. “Every dollar stolen through organised crime activity is a dollar that cannot be spent on education, health or any number of services,” O’Connor said. Now on the face of it this statement is patently ridiculous […]
Blah blah blah government is to blame for increasing GST and hurting families struggling to put food on the table. This is coming out constantly. It is a load of crud. GST went up, and income taxes were cut by an amount that implied that pretty much EVERYONE had greater real disposable income following both […]
I don’t like politics, and I get a peverse pleasure from attacking things that political parties say – what can I say, I’m human. However, I can’t say I agree with the attacks on Bill English’s comment that NZ has a comparative advantage over Australia because labour is cheaper. He was talking about this in […]
I am surprised that no-one has mentioned the idea of a “bank run” on AMI in the comments to this previous post. Surely the justification for government action is that, without it, non-claimants would pull out of AMI due to concerns about AMI’s stability following the quake. If AMI was still SOLVENT but lacked sufficient […]