I have no doubt that my views here will be contentious – but they need to be put forward nonetheless. I think that Treasury (or some mix of part of Treasury and IRD) should function at arms length in the same way as the Reserve Bank, and that they should set tax rates in the […]
For the NZ Herald cartoonist Guy Body: h.t. Nigel Pinkerton.
In what appears to be becoming a “stand up for the Bank” day, I was surprised to see Steve Pierson at the Standard state that he believes the Reserve Bank cut interest rates too late! Now, if the Reserve Bank had known exactly what was going to happen in the world and decided to hike […]
Yesterday I said that I thought the Bank’s speech on bringing down the price level was ridiculous. Not only is asking for a decline in prices a strange thing for a central bank to do, the mentioning of “oil companies” was slightly off the mark – given that they have slashed prices in the face […]
In an interesting speech by the RBNZ governor Alan Bollard we are told that everyone needs to play their part during the economic crisis. Specifically he stated: We would hope that the electricity industry does not take advantage of its market position and keep increasing rates, that local authorities realise they need to set rates […]
After seeing Adam Smith at the Inquiring Mind reach 2,250 posts here, I decided to check my own post number. I noticed that I hit 500 posts with this one. As a result, I expect some beers from Rauparaha, Agnitio, and Goonix on Saturday 😉 This post is the 678th post on this blog overall. […]