I agree with Kiwiblog and Anti-Dismal strongly regarding foreign investment. Kiwiblog is completely right when he says that restricting foreign investment does the following: The current owner of the land is unable to sell the land for as much as they otherwise would have got. This means less wealth in NZ. The foreign owner of […]
Ok, so there were a couple of comments in the previous post that I think I need to discuss in order to explain why macroforecasters have value.
No Right Turn suggests that John Key is “intellectually shallow” (the Standard makes the same claim) for calling the employment rate the percentage of the working age population employed (ht CPW). I was surprised with this, as that is also the definition I use. Furthermore, it is the definition the OECD uses. NRT’s belief that […]
Hold up a second here. My two favourite bloggers have consecutively posted suggesting that macroforecasters are essentially a waste of space (Offsetting Behaviour and Marginal Revolution). As a macroforecaster I am inherently biased, but I think that such forecasters can add value. Let me discuss why. As I have said in the past, if a […]
Seriously, why the hell did we ban pseudoephedrine in New Zealand? Has it had any impact on the “external costs of P”? I know it has had a serious impact on me during this years flu season – given that all the alternatives suck. And I know a lot of people who feel the same. […]
In praise of clear targets for monetary policy: Money Illusion. Trade-off between gaining knowledge and creating knowledge, at the margin: Worthwhile Canadian Initiative. These are both excellent posts that I agree with.