It appears that the Labour party has decided that, in some cases, contracts shouldn’t be enforced. Phil Goff has suggested that people should be able to easily break out of their fixed rate contracts to jump on a lower interest rate. I tell you what, while we’re at it why don’t we also make it […]
Our spam filter is being quite over and under zealous simultaneously. It lets a little bit of spam through – but I have heard that it has caught out a few comments. If you write a comment and it doesn’t turn up within about five minutes, email me at nolan.matt@gmail.com and tell me and I’ll […]
Protectionism is a scary thing during a global downturn. A bunch of nations trying to “protect” their own interests can turn a bad situation into a worse one. New Zealand wants to fight off what it sees as protectionism – namely subsidies for dairy farmers in Europe. However, although there is too much protectionism out […]
No doubt people here know that I am concerned about any stimulus package that comes out without realising that “potential output” has taken a knock. I believe that people out there that are nervous about the stimulus package have the same concern in mind. However, it appears that Obama does not feel the same way […]
Earlier I mentioned that Paul Walker and myself had different ideas surrounding the need for a stimulus in the US. Fundamentally I think he is completely against while I see scope for some stimulus. Over at Brad Delong’s blog he mentions a description of the stimulus by Kevin Murphy. The structure he describes is below:
Mark Perry at Carpe Diem has an excellent post comparing the 1991/92 recession to the current recession in terms of “media reporting”. As he illustrates in his post, the constant comparisons to the Great Depression also occurred during this time – even though for the US it was a relatively mild recession. Although I am […]