MUST READ: Mossack Fonseca and Global Tax Avoidance – Economist Keith Rankin
If we encourage others to legally cheat on their own people, and encourage our people to help them cheat on their people, then the global market system fails
Read More →Gareth Morgan and Multiple Empty Houses
Our politicians will not address the empty-house syndrome. We can easily imagine why. Our mainstream media will not do so either; same reason. There are some issues that we, the middle 50%, have to raise – and keep raising – through other channels.
Read More →The Past Future of Work: 1928 and All That
I didn’t once hear the words ‘Keynes’ or ‘Keynesian’ at the Future of Work conference. The issues we face today were all apparent and widely discussed in the late 1920s. The debate in 1928 was equally off the mark. Then, as now, we responded to a crisis of inequality and environment by, as individuals, trying to be more ‘competitive’ and arguing about immigration.
Read More →Deflation and very low interest rates
The guardians of monetarism are flummoxed. With almost no evidence, but supreme faith, they believe that there is a direct and (more or less) proportionate relationship between the stock of money and the level of prices.
Read More →Michael Joseph Savage and Universal Welfare Reform
The capstone achievement of the Savage-led ‘social security’ reform was a genuinely ‘universal’ superannuation that caught the imagination of middle New Zealand; the world’s first explicit demogrant, a ‘universal basic income’ for all older New Zealanders.
Read More →BOOK REVIEW: Te Rangihaeata
The central characters in each book represent, for me at least, the ‘most important’ New Zealanders of the nineteenth and twentieth centuries; namely Ngāti Toa chief, Te Rangihaeata, and our most-loved Australian immigrant, Michael Joseph Savage.
Read More →Low Interest Rates, House Prices and Public Finance
Negative interest rates – as in Europe and Japan – stabilise the debt accumulation process that gave us, for example, the 2008 global financial crisis.
Read More →Through the Cracks
While the Greek debt crisis was dominating the world news in late June and early July, another equally significant crisis began to unfold, and is now at its second major stage
Read More →Tribal Politics
My view is that it is the Left tribe in New Zealand that sees the Right tribe as bad, whereas the Right tribe sees the Left tribe as mad. As such I think that the tribal Left can be somewhat more uncompromising, and less likely (than vice versa) to engage constructively with the Right.
Read More →Combative Young Men
We don’t need sympathy for “terrorists”, but we do need empathy, and we need to know the difference. Empathy is the capacity to imagine any situation from another person’s point of view.
Read More →Whyte Trite
Every now and again we see former Act leader, Dr Jamie Whyte, popping up on current affairs panels, such as his appearance on The Nation three weeks ago. Whyte is always happy to discuss his ‘classical liberal’ laissez-faire philosophy, and apply it to any issue put to him, be it guns or the PM’s penis.
Read More →Crash Investigation
Could Flight 9268 have been utu for MH17? And could ISIL be being set-up in the same way that Libya was after Pan Am 103? Or could ISIL have been infiltrated? In fact, one could argue that the CIA and MI6 would be quite deficient organisations if they do not have people acting under cover within ISIL
Read More →New Zealand: Second-Wealthiest Country in the World?
Money from both miserly New Zealanders and from foreign savers comes into certain parts of New Zealand – especially the property market and banks that feed it – but does not cycle through New Zealand’s economic highways and byways.
Read More →Hope: The Four-way Division of Income
My most recent chart (New Zealand Income Shares 2013/14, 21 October) in my Chart for this Weekseries on Evening Report shows the four-way division of income in New Zealand for the year ended March 2014. The data is from the National Accounts of New Zealand has been straightened out by revealing the full extent of the public shares.
Read More →The State versus the Public
Is ‘the state’ becoming a bogey for the political left as well as for the right? And is it a useful concept, or something that means quite different things to different people?
Read More →Universal Basic Income versus Guaranteed Minimum Income
While I do not claim to be the first person to ever use the term, it was my coining of the name Universal Basic Income in 1991 that led to the worldwide growth of the concept under that particular name.
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