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At the time of preparing this show Craig Renney and the CTU have been banned by Treasury to attend the budget lock up for the first time ever. Along with other third party, non-media groups such as the TPU, Business NZ and the NZ Initiative have also been banned. The company that makes BHN applied for access to the lock up and we'll tell you the whole sordid story tonight after 9pmMarama Davidson joins us LIVE at 9pm to talk the Green Party Alternative Budget. The Green Party is proposing an "income guarantee" that would give everyone who is out of work at least $395 a week, and to completely overhaul the Working for Families scheme. It is one of the announcements in its alternative Budget revealed this morning.=================================Come support the work we're doing by becoming a Patron of #BHN www.patreon.com/BigHairyNews=================================Merch available at www.BHNShop.nz Like us on Facebookwww.facebook.com/BigHairyNews Follow us on Twitter.@patbrittenden @Chewie_NZFollow us on BlueskyPat @patbrittenden.bsky.socialChewie @chewienz.bsky.socialEmily @iamprettyawesome.bsky.socialMagenta @xkaosmagex.bsky.social
It's expected the government could find more savings by selling state owned assets. The Government's scraped the bottom of the barrel to find more money for the upcoming Budget. Prime Minister Christopher Luxon's promising an extra $400 million for maintaining and upgrading assets, on top of the already projected $3.6 billion. New Zealand Initiative Executive Director Oliver Hartwich told Ryan Bridge they could go into a process of asset recycling. He says selling some existing assets would give the government more room for new ones. LISTEN ABOVE See omnystudio.com/listener for privacy information.
On the Matt Heath and Tyler Adams Afternoons Full Show Podcast for the 7th of May, National has got a private member's bill in the biscuit tin that would ban under-16s from social media - we spoke with Eric Crampton from the NZ Initiative, as well as ACT Leader David Seymour. Then our Afternoons duo had a great chat about the growing number of adult children moving home. And uniforms at work - what works and what doesn't. To wrap things up in the Ask The Expert series, Employment Lawyer Gareth Abdinor answered listeners' questions. Get the Matt Heath and Tyler Adams Afternoons Podcast every weekday afternoon on iHeartRadio, or wherever you get your podcasts. LISTEN ABOVESee omnystudio.com/listener for privacy information.
I love the way David Seymour is describing the size of cabinet and the number of government departments. He says the whole lot are "a big, complicated bureaucratic beast". And he is spot on. Here are the numbers that say it all: we have 82 portfolios, 28 ministers, and 41 separate government departments and agencies. If that doesn't sound like a complicated beast, I don't what does. So no argument from me. No argument also from Oliver Hartwich, who is Executive Director at the NZ Initiative think tank. He says part of the problem is that we have created all of these different outfits that, pretty much, look after similar things. Now Oliver Hartwich thinks we could get away with having as few as 15 cabinet ministers instead of the 28 we have at the moment. But he reckons maybe 20 is more realistic. Although, he also told Mike Hosking that he heard Ruth Richardson say recently that she thinks we should have no more than 12 cabinet ministers. Now, granted, I've never been a cabinet minister so I don't have any inside expert knowledge, but I'm going to give it a go anyway. And I reckon we could go really hardcore and have a prime minister with two deputy prime ministers reporting to them. Those two deputies would have all the other ministers reporting to them. And I would streamline the total number of ministers, generally within the areas of law and order, finance, defence and security, health and social services, education, and the arts. That's just a rough example of my streamlined cabinet. But Seymour's not just having a go at the number of cabinet ministers, he's also got the number of government departments and agencies in his line of sight, and I know a thing or two about them. Because in previous lives I've worked at a few, and they are monsters. David Seymour is describing them as "bureaucratic beasts". I'd describe government departments and agencies as “beastly spaghetti junctions”. And that's just what it's like inside these departments, let alone what happens between them. Because, despite politicians talking about these departments being “all of government”, they're not. That's this theoretical idea that all government departments get on swimmingly, and talk to each other about everything, and they're all best mates, and because of that us taxpayers get the best bang for our buck. But it's not like that at all. They work in silos. They compete with each other for funding. They don't talk to each other. One great thing the government has done to try and sort out this shambles is in the area of weather forecasting. NIWA and MetService aren't government departments exactly, but they are state-owned enterprises, and Simeon Brown announced a few weeks back that they're going to be merged. Which makes perfect sense. And that's what we need to see more of. Examples: do we need a Ministry of Education and an Education Review Office? I don't think so. Do we need a Ministry of Justice and a Department of Corrections? Possibly not. Do we need a Department of Conservation and a Ministry for the Environment? See what I mean? So I'm right with David Seymour, and I think we would all be winners with less cabinet ministers and less government departments and agencies. See omnystudio.com/listener for privacy information.
David Seymour's calling for fat to be cut from multiple areas of government. The Act Party leader wants a limit on the number of ministers – with no ministers outside of Cabinet, and no associate ministers other than in Finance. He wants 30 total government agencies, down from 41. Executive Director of business think tank New Zealand Initiative, Oliver Hartwich told Mike Hosking the current model doesn't make sense. He says there's a Minister of Housing but also a Minister of Building and Construction, as if they have nothing to do with each other. Hartwich also says the Ministry of Business, Innovation and Employment is a prime example of a bloated cabinet. He says there are 16 ministers in charge of MBIE, and Ireland has 15 in its entire cabinet. LISTEN ABOVE See omnystudio.com/listener for privacy information.
Nicola Willis is looking to further rein in Government spending in next month's Budget - but one expert has warned it won't go far enough. The Finance Minister is slashing the operating allowance from $2.4 billion to $1.3 billion. She's targeting a return to surplus in 2029. NZ Initiative economist Eric Crampton says Government spending has been running too high for years - and cuts need to be made to save the situation. LISTEN ABOVESee omnystudio.com/listener for privacy information.
Donald Trump's turning up the heat on China but throwing a tariff lifeline to most others. He's authorised a 90-day pause which will see tariffs dropped to 10% for many countries. However, China's rate has been increased from 104% to 125%. Eric Crampton —Chief Economist at New Zealand Initiative— told Mike Hosking it's a rapidly changing situation. He says it's really hard for any business to plan in this kind of environment – the chaos is just going to continue. LISTEN ABOVE See omnystudio.com/listener for privacy information.
On the Early Edition with Full Show Podcast Monday 7th April 2025, Washington Bureau Chief for the Guardian David Smith shares the latest on reaction out of the US following Donald Trump's tariffs. The Government wants to shake up free speech laws in universities, Former Victoria University Dean and NZ Initiative research fellow Dr Michael Johnston tells Andrew Dickens what this means. Andrew Alderson shares the latest from sport over the weekend. Plus UK/Europe Correspondent Gavin Grey shares the latest on UK car giant Jaguar Land Rover announcing a pause all shipments to the US, following the announcement on tarrifs. Get the Early Edition Full Show Podcast every weekday on iHeartRadio, or wherever you get your podcasts. LISTEN ABOVE See omnystudio.com/listener for privacy information.
The Government wants to change the laws surrounding free speech in New Zealand. As part of the Quarter two action plan, legislation will be introduced to require freedom of expression in our university's. What impact will the new law have on students and learning? Former Victoria University Dean & NZ Initiative Research Fellow Michael Johnston talks to Andrew Dickens about the change. LISTEN ABOVE. See omnystudio.com/listener for privacy information.
A new report examining the state of New Zealand's GP workforce has unveiled the strain many healthcare workers are currently under. The report, called The Heart of Healthcare: Renewing New Zealand's Primary Care System, describes an ageing, overworked cohort of GPs who struggle to maintain their business under the weight of increasing patients and operating costs. Former GP and NZ Initiative research fellow Dr Prabani Wood says current funding doesn't cover the necessary costs to deliver the care that patients need. "Add to that, the working conditions under which GPs currently have to work - which means that a lot of our time is spent doing vital, non-patient-facing work, such as following up referrals." LISTEN ABOVESee omnystudio.com/listener for privacy information.
This week on Taxpayer Talk Jordan sat down with the NZ Initiative's Chief Economist, Dr Eric Crampton on Nicola Willis' announcement on Sunday about possible splitting up of the super market industry.In the podcast, we unpack what's on the table, the risks, and what Dr Crampton argues is the real reason New Zealand lacks competition at the checkout. Support the show
In Leaders Getting Coffee episode 38, our guest is the Executive Director of the New Zealand Initiative, Dr Oliver Hartwich. Oliver Hartwich was born in West Germany and talks of growing up in the 1980’s in a country shaped by the two World Wars that had until that point defined it. As Europe reshapes its defence strategies in response to the Ukraine crisis, his surprisingly frank conversation about his youth offers a stark reminder of the long-term impacts of war. But it is as an economist, specialising in thinking about government strategy, that he has made his career. That career has seen him working in the House of Lords and in think tanks in the UK, Australia, and ultimately, for the last twelve years, in his adopted home in New Zealand. During the Leaders Getting Coffee podcast Dr Hartwich speaks to Bruce Cotterill about the state of New Zealand, a country which he says has so much going in its favour, and yet continuously fails to live up to its potential. Using the extensive research base of the NZ Initiative as his base, he discusses the state of our housing market and explains in a simple and no-nonsense manner the reasons why such a small country at the end of the world has some of the world’s highest house process. And while on the local themes, his insights regarding our education system, excessive centralisation, infrastructure and the opportunity for direct foreign investment are as refreshing as they are direct. Dr Hartwich has made quite a name for himself as an international columnist, and his comments about the current state of the USA, Europe and the UK are so insightful that they should be regarded as compulsory listening for the millions who are relatively uninformed on matters of international geopolitics.See omnystudio.com/listener for privacy information.
I always have and always will be a huge fan of on-the-job training. Which is why I think it's brilliant that we've got an education expert saying today that the apprenticeship system needs an overhaul. And not only that, he wants to see schools doing more, and is suggesting they could offer a trades preparation qualification to create a pipeline of new apprentices - but also to remove the stigma that an apprenticeship is second fiddle to a university degree. Michael Johnston from the NZ Initiative think-tank says in Germany, 50% of school-leavers end up in working in the trades. But here in New Zealand, a university education is given much higher status than apprenticeship training. He says we need a more coherent apprenticeship system connecting schools, the trades and the training organisations. Michael Johnston is saying that part of the problem is that trades historically have been seen or have been promoted as the thing kids do if they're not bright enough to go to university or not interested in going to university. Which is crazy for a number of reasons – for starters, I marvel all the time at what tradespeople know and what they can do. He says maybe we also need some sort of bonding system that would keep require tradespeople once they've finished their apprenticeship to stick around and not bugger off somewhere else. He says that would probably encourage more employers to take someone on in the first place. He might have a point there, but I suspect that businesses look at apprentices and just see extra work. I don't think they're necessarily concerned whether the apprentice is going to stick around once they've got their qualification. But the idea of his that I really like, is this bit where he says schools need to up their game when it comes to promoting trades and getting kids ready to move into a trade. Because I think, over the years, schools —but, in particular, school careers advisors— have pointed kids in the wrong direction, making them think that a university degree is the be-all and end-all. Another reason why I'm so excited at the ideas Michael Johnston is pushing today, is that on-the-job training is how I started my working life. So maybe I'm biased. I wanted to be a journalist, so I did a cadetship at the local newspaper. And, since then, I have been dismayed at how so many people have been sucked in by this idea that a university degree is way better than an apprenticeship or any other form of on-the-job training. Of course, there are some professions where people have to go to university – law, medicine, engineering are examples. But I have never understood why a degree makes someone a better journalist, for example. The other great thing about apprenticeships is that someone can start one, realise they're not actually cut out for that particular trade, and move on to something else without racking up huge debt and then, after three or four years, realising they're not cut out for the career they studied for. A guy I went to school with took on a plumbing apprenticeship when he left. Realised pretty quickly it wasn't him, then moved an electrical apprenticeship and flourished. The other thing about all of this is that it seems we've been saying forever that we need more apprenticeships, and we need to take the trades more seriously, but nothing seems to have changed. Maybe it's because —if we're really honest— we've been so brainwashed over the years and still believe that that you only do a trade if you're not bright enough to go to university. Hopefully, there aren't any careers advisors who still hold on to that view. Because I agree completely that the apprenticeship system needs an overhaul and the stigma that an apprenticeship is second-best to a university degree needs to go. See omnystudio.com/listener for privacy information.
There's a belief better pathways to industry and trades training are needed. A report from the New Zealand Initiative has found just 6% of 16-to-19 year-olds participate in workplace learning, while 11% are unemployed. It states schools are geared toward university education, even though only about a third enrol in degrees. Report author Michael Johnston says apprenticeship options need to be more visible to young people. He told Mike Hosking part of the problem is apprenticeship training is viewed as being for the kids who don't cope with the academic path. Johnston says we need to rearrange the system so that young people, regardless of their background and propensities, look at apprenticeship training as a viable option. LISTEN ABOVE See omnystudio.com/listener for privacy information.
Adrian Orr resigned as Reserve Bank Governor this week after 7 years in the job, but three years early, effective immediately and without explanation. Bernard Hickey talks in an emergency edition of When The Facts Change with NZ Initiative executive director Oliver Hartwich, an Orr critic, about his legacy and how his replacement should change the bank, and with Kiwibank chief economist Jarrod Kerr about Orr's operation of monetary policy. Learn more about your ad choices. Visit megaphone.fm/adchoices
The cost of keeping Government-owned assets could be more than the return it's getting from them. A report by The New Zealand Initiative says the Government owns $571 billion in assets, yet the returns from them don't even cover the interest on loans used to buy them. Author Bryce Wilkinson is calling for a review to identify if assets should be sold, and if so, which ones. He says the Government should be asking if someone else could put the assets to better use to improve public access. LISTEN ABOVE See omnystudio.com/listener for privacy information.
New Zealand's taxes aren't as competitive as they once were. Finance Minister Nicola Willis has floated potential tax cuts for corporations in the wake of the latest Treasury report. Speaking to Ryan Bridge on Newstalk ZB last night, she says our corporate tax rate is reasonably high compared to the rest of the world. Former Treasury Director Bryce Wilkinson told Mike Hosking that it could be a good move. He says the Government is trying to attract foreign investment and capital to try and compare with Singapore and Ireland, who have corporate tax rates within the 10-20% range compared to our rate of 28%. LISTEN ABOVE See omnystudio.com/listener for privacy information.
During his state of the nation speech Prime Minister Christopher Luxon announced a new foreign investment agency with the aim of driving more overseas revenue to our shores and boost local economy and productivity. It's a model based on Ireland and Singapore and will see Invest New Zealand become part of New Zealand Trade and Enterprise, which itself is set to become an autonomous crown entity. Executive Director of the New Zealand Initiative Oliver Hartwich has been advocating for a model like this for more than a decade and says he took Luxon on a trip to Ireland to show how a model like theirs could work locally. LISTEN ABOVESee omnystudio.com/listener for privacy information.
A proposed law change will prohibit universities from adopting positions on issues that aren't related to their core role and functions. They'll be required to actively promote an environment where ideas can be challenged, controversial issues discussed, and diverse opinions expressed. Universities will have to adopt a statement on freedom of speech and report annually on it. Former Victoria University dean and NZ Initiative senior fellow Michael Johnston told Heather du Plessis-Allan it's not a silver bullet to solve the culture problem at universities, but is necessary. He says problems on campuses are in part a result of a political bias pretty strongly to the left. LISTEN ABOVE See omnystudio.com/listener for privacy information.
A business think tank is critical of the first part of New Zealand's Covid-19 review, believing it's not comprehensive enough. Phase 1 of the pandemic response report from the Royal Commission of Inquiry brings 39 recommendations. They include planning for quarantine measures, allowing movement of public sector capability during a pandemic, and assigning a minister to lead implementation. New Zealand Initiative Senior Fellow, Murray Horn told Mike Hosking the report misses some areas. He says it doesn't explore whether damage to the economy and people's faith in government was more serious than needed. LISTEN ABOVE See omnystudio.com/listener for privacy information.
Education in NZ has long been controversial. It's not incorrect to suggest that a Labour Education Minister has an easier task than a more ‘conservative' party minister (i.e. National's Merv Wellington in the 1980's.) Similar circumstances apply in other countries. Donald Trump returns to the Presidency with intent to eliminate the Department of Education and return the responsibility to the States. There are some valid reasons for doing so. Are there lessons for other countries? Dr Michael Johnston has been consulting NZ Education Minister Erica Stanford. After years of experience, most recently at Victoria University, Wellington, Michael is now with the NZ Initiative. His podcast contribution is very informative. Following the Mailroom there is further comment on other matters, including AI and democracy. File your comments and complaints at Leighton@newstalkzb.co.nz Haven't listened to a podcast before? Check out our simple how-to guide. Listen here on iHeartRadio Leighton Smith's podcast also available on iTunes:To subscribe via iTunes click here See omnystudio.com/listener for privacy information.
“Who Makes the Law? Reining in the Supreme Court”. This report by Roger Partridge, lawyer and Chairman of the NZ Initiative, challenges the Supreme Court's overreach or activism in recent cases and the constitutional implications. Judicial activism is in a word, dangerous for democracy. This is a most important matter and it needs the attention of Parliament. And we venture into The Mailroom with Mrs Producer. File your comments and complaints at Leighton@newstalkzb.co.nz Haven't listened to a podcast before? Check out our simple how-to guide. Listen here on iHeartRadio Leighton Smith's podcast also available on iTunes:To subscribe via iTunes click here See omnystudio.com/listener for privacy information.
On the Mike Hosking Breakfast Full Show Podcast for Wednesday 16th of October, we discuss what will happen with the inflation number today, plus the struggles businesses are facing trying to have tables out on the street. We explore a new report from the NZ Initiative about Supreme Court creep when it comes to rules and regulations. Ginny Andersen and Mark Mitchell talk about why we don't like rich politicians and whether Luxon is getting the cut through needed on Politics Wednesday. Get the Mike Hosking Breakfast Full Show Podcast every weekday morning on iHeartRadio, or wherever you get your podcasts. LISTEN ABOVE See omnystudio.com/listener for privacy information.
Is a shake-up needed for the Supreme Court? That's the question posed by a New Zealand Initiative report, which suggests the court may be straying into Parliament's domain by granting itself the power to rewrite legislation it deems unfavourable. It believes Parliament needs to reassert its sovereignty, to stop what it sees as the current drift towards judicial supremacy. Author, Roger Partridge proposes a maximum judge term of five to seven years, which will see them returned to the Court of Appeal and rotated around. He told Mike Hosking it's Parliament's prerogative to intervene when the court steers out of its lane. Partridge says the report is a call to Parliament that it's their job to set the law straight. LISTEN ABOVE See omnystudio.com/listener for privacy information.
On the Early Edition with Ryan Bridge Full Show Podcast for Wednesday 16th of October, inflation numbers are out today and forecasts are pointing to 3 year low within the target range of 1 to 3%. Westpac Chief Economist Kelly Eckhold joins the show to discuss. An NZ Initiative report is suggesting changes to stop the Supreme Court getting an "exaggerated view of their role". What could it mean for our judicial system? Tauranga businesses are paying increasing fees for alfresco dining - what impact is it having on them and the price you're paying for cafe food? Ryan speaks to a Tauranga cafe owner. Get the Early Edition with Ryan Bridge Full Show Podcast every weekday on iHeartRadio, or wherever you get your podcasts. LISTEN ABOVE See omnystudio.com/listener for privacy information.
There's an argument in favour of setting a maximum term for Supreme Court Judges. A report from New Zealand Initiative suggests the Supreme Court is getting an exaggerated view of its role and straying into Parliament's domain. Former ACT MP and lawyer Stephen Franks says there's been grumblings about it among some lawyers. He told Ryan Bridge that at the 20th anniversary of the Supreme Court this year, a leading KC presented a paper aligned with this belief. He says it read that the law is ceasing to be predictable as the Supreme Court's changing it according to their social values. LISTEN ABOVE See omnystudio.com/listener for privacy information.
An easier road for foreign investors looking at New Zealand's companies and property. The Government's new law reforms will allow overseas investment to proceed - so long as it doesn't go against our interests. Associate Finance Minister David Seymour says right now, we rank 38 out of 38 countries for openness to investment. New Zealand Initiative Executive Director Oliver Hartwich told Mike Hosking New Zealand's always been one of the most difficult places for investment. “That part of globalisation has always bypassed New Zealand. Actually, the share of FDI in our GDP is lower than it used to be 25 years ago.” LISTEN ABOVESee omnystudio.com/listener for privacy information.
Dr Oliver Hartwich is the Executive Director of the NZ Initiative; New Zealand's premier free-market think tank.Before joining the Initiative, he was a Research Fellow at the Centre for Independent Studies in Sydney, the Chief Economist at Policy Exchange in London, and an advisor in the UK House of Lords. Oliver holds a Master's degree in Economics and Business administration and a PhD in Law from Bochum University in Germany.Join myself, Damien Grant, and Dr Hartwich as we discuss the book Autocracy, Inc, and Twilight of Democracy, both written by Anne Applebaum. For more information, or to get in touch, visit the Different Matters Website.
An education expert says we should be worried about low maths results. Prime Minister Christopher Luxon revealed data which he says shows that four out of five Year 8 students aren't at the expected level. He's bringing forward a new math curriculum to Term 1 next year, assessing twice yearly, and a $20 million boost for teachers' professional development. New Zealand Initiative researcher Michael Johnston told Ryan Bridge it's likely things have been like this for some time. He says the Government's action is necessary, but time will tell whether it's enough. LISTEN ABOVE See omnystudio.com/listener for privacy information.
On the Early Edition with Ryan Bridge Full Show Podcast for Tuesday 6th August 2024, more changes are on the way for our education system, but what's the thinking behind the policy decisions? NZ Initiative's Dr Michael Johnston joins Ryan to discuss. The U.S. Presidential Election is less than 100 days out, and Democratic nominee Kamala Harris is expected to announce her running mate by tomorrow. Ryan speaks to Allan Lichtman who has correctly predicted almost every election since 1982. St John union staff have announced further strike action later this month, including a "withdrawal of labour". Australia has raised their terror threat level for the first time in a decade. We cross to Australia correspondent Donna Demaio. Get the Early Edition with Ryan Bridge Full Show Podcast every weekday on iHeartRadio, or wherever you get your podcasts. LISTEN ABOVE See omnystudio.com/listener for privacy information.
I bet if you drive a petrol vehicle and you've said anything about how much cheaper it must be to have a diesel, anyone who does have a diesel has jumped down your throat and started banging-on about road user charges. Or RUCs, as they're known. Because when you buy petrol you pay a fuel tax. When you buy diesel, you don't. But you have to —or you're supposed to— pay road user charges. And, as we know, the EV drivers who have been getting away paying nothing are getting brought into the road user charge regime. So, while the diesel might be cheaper at the pump, it kind of all evens-out once you take the RUCs into account. That's the thinking anyway. But the New Zealand Initiative think tank is saying today: “Wrong, it doesn't even out at all”. They're saying it's actually very uneven. They're saying today that we need to ditch the current road-user charging model because it's old-hat and isn't a fair way of getting the money needed to build and maintain roads. And they're not just saying ‘stop doing what we're doing'. They've also come up with an idea that they think would be fairer - which I agree with, to a point. And I'll get to where I have reservations about it. So what the New Zealand Initiative wants to see is a system using things like smart technology to monitor vehicles and set individual charges for every vehicle owner based on the types of vehicles we drive, how far we drive and when we drive. It says a system like this would also make it easy to bring-in congestion charging, which it believes is also necessary to get traffic flowing more freely in our cities. So, essentially, what it's proposing is a different type of user-pays system to fund our roads instead of the petrol taxes and road user charges we currently have. It says it wouldn't necessarily increase the revenue the Government gets from motorists, but it would spread the cost burden more evenly and fairly. Example: the impact of flat fuel taxes on people on low incomes. The NZ Initiative makes the assumption that if you're on a low income, you tend to have a vehicle or vehicles that are less fuel efficient than something that's rolled-of the production line this year. So you might not actually use the roads any more than the flash Harry with the new car. But you are penalised because your car's less fuel efficient. So, generally, I get the thinking and I like the idea. But you're not going to get me installing devices in my vehicles that keep a record of what I do with them. Call me paranoid, but I think there is enough monitoring going on. Find my iPhone, cameras everywhere. So, if this went ahead, I'd be saying ‘no thanks' to the “smart” part of all this —the electronic monitoring— and I'd have to pay my road user charge ahead of time. Just like the system we have in place now. So, yes, I agree that the way we do it now is cack-handed and clumsy and we need to do things differently. And, yes, taxing people on the basis of road use instead of fuel consumption makes much more sense. But it's a definite 'no' from me when it comes to installing more devices to keep tabs on what I'm up to. See omnystudio.com/listener for privacy information.
A new report says our fuel tax system is outdated and unfair. A new report from the NZ Initiative proposes replacing the fuel excise duty with a new Smart Road User Charges system. Under the system all vehicles would be charged based on actual road usage, time of day, and vehicle type. Lead author Matthew Birchall says it would reduce congestion and ensure a fairer distribution of costs. He says it's a revenue-neutral system where you wouldn't pay more, but just change the source. LISTEN ABOVE See omnystudio.com/listener for privacy information.
VUWSA President, Marcail Parkinson, joins us to talk over Free Speech v Hate Speech when it comes to a 'debate' at Victoria University. We'll chat about her appearance on The Platform yesterday and give her the space to answer the questions Plunket barked at her. Finally, we'll chat with Marcail about the claim that David Seymour said today she was responsible for "making defamatory, untrue and misleading comments" about funding for the FSU and NZ Initiative. ===================================== Come support the work we're doing by becoming a Patron of #BHN www.patreon.com/BigHairyNews Merch available at www.BHNShop.nz Like us on Facebook www.facebook.com/BigHairyNews Follow us on Twitter. @patbrittenden @Chewie_NZ
A New Zealand Initiative report details potential hidden risks in China's Belt and Road Initiative. The pro-free-market think-tank points to potential implications for our foreign policy, independence, and development. Director Oliver Hartwich says it's not just about infrastructure investment. He told Mike Hosking that we need to be wary about China trying to draw New Zealand into its sphere of influence. Hartwich says when you have to do something political in return, you are no longer the client of the project but the product. LISTEN ABOVE See omnystudio.com/listener for privacy information.
VUWSA President, Marcail Parkinson, joins us to talk over Free Speech v Hate Speech when it comes to a 'debate' at Victoria University. We'll chat about her appearance on The Platform yesterday and give her the space to answer the questions Plunket barked at her. Finally, we'll chat with Marcail about the claim that David Seymour said today she was responsible for "making defamatory, untrue and misleading comments" about funding for the FSU and NZ Initiative. David Seymour sent out a fearmongering email after last nights TVNZ poll stating that Labour "should be banished" warning his supporters that Labour "could be back" Christopher Luxon was on Breakfast this morning talking about last night's TVNZ poll making light of the situation which is, on some level, true as the poll doesn't change who is in parliament, but his faux CEO positive bravado couldn't hide the truth that what the poll did do is show what the public think of the NActNZ Government at the moment and it's not a great look for them. ===================================== Come support the work we're doing by becoming a Patron of #BHN www.patreon.com/BigHairyNews Merch available at www.BHNShop.nz Like us on Facebook www.facebook.com/BigHairyNews Follow us on Twitter. @patbrittenden @Chewie_NZ
An education expert says the Government's plan to improve students' learning has been successful overseas. Christopher Luxon's unveiled nine Government targets for delivery by 2030. They include increasing student attendance and getting more students to the expected curriculum level. New Zealand Initiative Education Research Fellow Michael Johnstone told Mike Hosking that getting them to turn up will be a challenge but overall, it's a sound plan. He says focusing on things like the science of learning and structured literacy have worked well in places like England. LISTEN ABOVE See omnystudio.com/listener for privacy information.
It's the year of the vote. A record-breaking 40-plus countries - some two billion people (more than 40% of the world's population) representing over 60% of global GDP - will hold national elections in 2024, more in a single year than ever before. Yet authoritarianism and illiberal ideas are on the march globally, driven by the rise of strongman autocrats such as Vladimir Putin and Xi Jinping, and identity politics in the West. In such an environment, deglobalisation of the world economy, which accelerated during the Covid-19 pandemic, seems set to continue, exacerbated by supply chain challenges that echo past lessons unlearned. In the context of a challenging environment for liberal democratic societies, investors must understand the geopolitical, social and economic forces influencing the outlook for investment markets. This panel session features three investment experts, each offering and debating a high conviction thesis on a long-term, deep rooted structural change impacting markets over a decade or more - Oliver Hartwich, Chris Rogers and Vikram Mansharamani. Earn 1.00 CE/CPD hrs on Portfolio Construction Forum
The New Zealand Government seems to be a bit bloated. A study from New Zealand Initiative shows New Zealand has 44% more ministers, and one and a half times as many departments as similar sized Parliaments. Researcher Max Salmon told Mike Hosking that it's all politics, as having extra portfolios can be useful for coalition negotiations and securing allies. He suspects that the number of departments and ministers is contributing to the productivity issues this country faces. While Salmon doesn't know if there's a magic number of ministers, similar countries only have about 20 cabinet ministers total. LISTEN ABOVE See omnystudio.com/listener for privacy information.
Economists are anticipating GDP growth close to zero for the last quarter. The Reserve Bank's forecasting a flat zero percent, ANZ is expecting a 0.1 percentage point growth, while ASB anticipates a 0.2-point drop. If today's economic growth figures are negative New Zealand will enter a technical recession after the last quarter also saw negative growth. NZ Initiative executive director Oliver Hartwich told Mike Hosking that if it goes slightly up or down it doesn't matter as GDP per capita is what's important. He says it plays out against a background of record immigration with a net intake of 140-thousand people, which means we're going backwards on a per capita basis. LISTEN ABOVE See omnystudio.com/listener for privacy information.
The New Zealand Initiative is again calling for urgent action to secure the GP workforce and expand their role. It says a paper published in this month's New Zealand medical journal about GP's taking a tougher line on accepting new patients shows how broken the system is. The paper says more than three-quarters of practices surveyed have closed their books to new patients or limited enrolments in the last four years Emeritus professor and co-author of the report, Des Gorman, spoke to Corin Dann.
High inflation in certain parts of the economy is dashing hopes of a cut in the OCR. Reserve Bank Chief Executive Paul Conway says despite overall inflation being at 4.7 percent, non-tradable inflation is still high at 5.9 percent. New Zealand Initiative Economist Director Oliver Hartwich says that non-tradable inflation is produced in New Zealand. He told Mike Hosking that the Reserve Bank's policy to reduce inflation needs to be in sync with government fiscal policy. Hartwich says high government spending makes it harder for the Reserve Bank to do its job. LISTEN ABOVE See omnystudio.com/listener for privacy information.
An economist says we're in an economy that's significantly smaller than estimated. GDP fell 0.3% in the three months to September. The June quarter's figures showed 0.5% growth, revised from 0.9%. NZ Initiative director Oliver Hartwich told Mike Hosking that it means we're in a technical recession, but the revision's more shocking. He says all together, the effect was the economy is now 1.8% of GDP smaller than the Reserve Bank last thought when they set the Official Cash Rate. LISTEN ABOVE See omnystudio.com/listener for privacy information.
The previous Government's plans to introduce new maths and literacy tests as an NCEA requirement from 2026 have been delayed. Trial runs of those tests have had failure rates of more than 40%. New Zealand Initiative research fellow Michael Johnston told Tim Dower that he understands kids will still be able to do the tests, but can also meet requirements through NCEA achievement standards, like in the past. But, he says, he'd like to see a certification for students who do pass those tests and meet requirements that way because they are more rigorous. LISTEN ABOVE See omnystudio.com/listener for privacy information.
Mediawatch - A business lobby group is urging New Zealand to emulate Ireland, which has a GDP twice as big as ours - but is the GDP picture warped?
Mediawatch - A business lobby group is urging New Zealand to emulate Ireland, which has a GDP twice as big as ours - but is the GDP picture warped?
Dr Michael Johnston talks to Maryanne Spurdle (Researcher at the Maxim Institute) and Stephanie Martin (Adjunct Fellow at NZ Initiative) about teacher education.
Show host Gene Tunny delves into the concept of Degrowth: the idea of deliberately shrinking economies to avoid the runaway climate change, ecological collapse, and societal breakdown that degrowth proponents are worried about. Gene first discusses degrowth with Oliver Hartwich from the New Zealand Initiative, and then responds to questions about degrowth at a recent University of Queensland Politics, Philosophy, and Economics student event. Please get in touch with any questions, comments and suggestions by emailing us at contact@economicsexplored.com or sending a voice message via https://www.speakpipe.com/economicsexplored. About this episode's guest: Dr Oliver Hartwich, NZ InitiativeDr Oliver Hartwich is the Executive Director of The New Zealand Initiative. Before joining the Initiative, he was a Research Fellow at the Centre for Independent Studies in Sydney, the Chief Economist at Policy Exchange in London, and an advisor in the UK House of Lords. Oliver holds a Master's degree in Economics and Business administration and a PhD in Law from Bochum University in Germany.What's covered in EP208[00:04:39] Degrowth to stop climate change? [00:08:00] Economic growth and adaptation to climate change? [00:11:53] How a threatened lungfish colony stopped a new dam in South East Queensland. [00:15:47] Are we rich enough already? [00:20:20] Democratization of wealth and prosperity. [00:24:05] Economic growth as a positive. [00:30:39] Carbon pricing. [00:34:10] Decreasing Antarctic sea ice extent.Links relevant to the conversationGene's September 2023 Centre for Independent Studies (CIS) paper on Degrowth:https://www.cis.org.au/publication/debunking-degrowth/NZ Initiative podcast from which part 1 of this episode was borrowed:https://www.nzinitiative.org.nz/reports-and-media/podcasts/podcast-debunking-degrowth/Full transcripts are available a few days after the episode is first published at www.economicsexplored.com. Economics Explored is available via Apple Podcasts, Google Podcast, and other podcasting platforms.
There's been a mixed response to Labour's pledge to do more to help new supermarket retailers set up shop in New Zealand. While details are in the early stages, help with finances, gaining land space, and making regulator changes are on the cards. New Zealand Initiative's Eric Crampton told Kate Hawkesby that changes to zoning for new supermarkets would be welcomed but warns against subsiding entry for new chains. He says starting new retailers on subsidies could lead to chains asking for more handouts down the line to stay in the market. LISTEN ABOVE See omnystudio.com/listener for privacy information.
A new report has been released by New Zealand Initiative, looking into the Labour Government's fiscal record over the past six years. The report found that Labour's fiscal projections before the 2017 election were too optimistic, resulting in an $18 billion discrepancy between intended and actual expenditure by the end of 2019. Executive Director Oliver Hartwich told Mike Hosking that they were spending beyond what they planned before Covid, $29 billion more by 2019. He said that Covid opened the floodgates in terms of spending, but once the pandemic was over they kept their spending levels at the level it was at in 2020. LISTEN ABOVE See omnystudio.com/listener for privacy information.
An education researcher says some of ACT's education policies would be a radical change while others are no brainers. The party wants to implement standardised testing, with University Entrance replacing NCEA Level Three. The B4 School Check would be extended to include education progress, and Early Childhood Education providers that don't contribute to child development risk losing funding or licensing. New Zealand Initiative Research Fellow Michael Johnston told Mike Hosking that one thing he likes is that schools can develop their own curricula, as long as they adhere with core requirements. He says that's a good way ahead to avoid an ongoing political battle over curriculum. LISTEN ABOVE See omnystudio.com/listener for privacy information.
Week two of the campaign has come and gone - so who are the winners? Well, if you go on polling alone, it's the new Government of National and Act. But if you believe that this campaign counts, if you believe that these events and stunts and announcements count for a lot, then there is still much to play for. For the record, I will repeat, I think the whole thing is a foregone conclusion. This, more than most elections, has already been decided on the Government's record. It's not about policy from the opposition, because most people already broadly know that the opposition is offering a change from the status quo. It's what happened when we tossed David Lange's Labour out. What happened when we tossed Robert Muldoon? What happened when we tossed Helen Clark out? For a variety of reasons, in Muldoon and Clark's case, we were over the agenda. In Lange's case, we were over the party imploding and the chaos. That's why they say Government's lose elections and oppositions don't win them. If you're interested in policy there have been some good ones. Act's law and order policy is full of common sense and scratches an itch felt by many a New Zealander fed up with crime. You can't argue with more doctors, except the fact Labour took six years to do it, which in and of itself is an example of why they are losing. National's literacy policy last Friday makes sense and many a parent will welcome a crack at tangible improvement in the classroom. But the downside of campaigns is the down in the weeds obsession you tend to get when the media put a lot of resource into a single event. When you're looking to eke every last dollar out of having journalists wander aimlessly around the country, you tend to end up with the nonsense we got on National's tax policy. Some economists thought there was a hole. My take - so what? There are other economists who don't think there is a hole. The Treasury PREFU said we aren't going into recession and the media swallowed that hook, line and sinker. Yet Bryce Wilkinson of the NZ Initiative wrote yesterday and said those numbers are bogus. Where was the media's obsession around that? Duelling economists is the sort of side show a campaign brings. But in summation, you can see poor, old Hipkins looking more and more deflated and Luxon looking more and more bullish. Seymour overplayed his hand a bit on the confidence thing, James Shaw called an Act MP a "clown show", Winston Peters refuted the polls, again, and I think one of the Maori leaders went surfing. Next week we have the debates. I don't put the weight some do on them. They're important, yes. But they aren't a deal breaker. As I say, my gut says this thing is over, the script was written over the past 24 months. We are, to a degree, going through the motions.See omnystudio.com/listener for privacy information.
Dr Oliver Hartwich is the Executive Director of the NZ Initiative; New Zealand's premier free-market think tank. In July he lead a delegation to Ireland with over thirty of his members, a group that included billionaires, knights of the realm and me. We discussed why we went, what we learnt in Ireland, and what the Hon Trevor Mallard is up to over in Dublin
Criticisms of Labour's latest election promise are rising. The party's promising to axe GST from fresh and frozen fruit and veggies from April, with the average household expected to save roughly $20 a month. But New Zealand Initiative Chief Economist Eric Crampton told Kate Hawkesby that these policies always end up costing more in revenue than they deliver to families, and make the tax system more complex. He says the accounting gets more difficult, and lawyers have a field day on definitions of what's included and what isn't. Labour's also promising to boost In-Work Tax Credits by $25 a week, and lift the Working for Families abatement threshold. LISTEN ABOVESee omnystudio.com/listener for privacy information.
The Ministry of Education is being criticised for its new draft of the science curriculum. The proposal doesn't appear to list physics and chemistry, but instead focuses on climate change, biodiversity, the food-energy-water nexus, and infectious diseases. New Zealand Initiative senior fellow Michael Johnston told Heather du Plessis-Allan that teachers shouldn't be expected to fill in gaps given there are other challenges like staff shortages. Johnston says teachers have to rely on a curriculum document to guide them, and this one will take them up the garden path. He says he hopes the Ministry will back down from this proposed curriculum. LISTEN ABOVESee omnystudio.com/listener for privacy information.
With numbers of those employed in the public sector increasing by 28 percent, along with more top heavy well-paid managers and communication teams, and an increase in spending - a new report is questioning why the outcomes in government dominated sectors aren't performing better. An earlier study shows the best performing countries are capable of achieving the same public service outcomes as New Zealand for up to 49 percent fewer resources. NZ Initiative Senior Fellow Bryce Wilkinson joined Mike Hosking. LISTEN ABOVE See omnystudio.com/listener for privacy information.
With numbers of those employed in the public sector increasing by 28 percent, along with more top heavy well-paid managers and communication teams, and an increase in spending - a new report is questioning why the outcomes in government dominated sectors aren't performing better. An earlier study shows the best performing countries are capable of achieving the same public service outcomes as New Zealand for up to 49 percent fewer resources. NZ Initiative Senior Fellow Bryce Wilkinson joined Mike Hosking. LISTEN ABOVE See omnystudio.com/listener for privacy information.
Questions are being raised over whether the Green Party's proposed tax overhaul is needed. It's pledging to lift the top tax rate to 45%, corporate taxes to 33%, and slash taxes for earners below $120,000. Assets worth two-million-dollars will be hit with a 2.5% wealth tax — or four-million-dollars for couples. Trusts will also be taxed at 1.5%. But, New Zealand Initiative Chief Economist, Eric Crampton says that a new tax system isn't the way unless you want the Government to raise substantially more money. He says if you want something like an Income Guarantee programme, far more tax will need to be raised. LISTEN ABOVESee omnystudio.com/listener for privacy information.
It may be too early to read too much into the Government's higher than expected deficit. Latest Treasury figures show the Government has recorded a $7 billion deficit for the ten months to April. While that's $2.4 billion lower than the deficit from the same period a year ago, it's $1.3 billion dollars higher than Budget forecasts. New Zealand Initiative Chief Economist Eric Crampton told Mike Hosking we need to see how indicators track in the months ahead before drawing any conclusions. He says the deficit could change a bit from month to month, due to fluctuations in tax revenue and expenditure. LISTEN ABOVE See omnystudio.com/listener for privacy information.
It may be too early to read too much into the Government's higher than expected deficit. Latest Treasury figures show the Government has recorded a $7 billion deficit for the ten months to April. While that's $2.4 billion lower than the deficit from the same period a year ago, it's $1.3 billion dollars higher than Budget forecasts. New Zealand Initiative Chief Economist Eric Crampton told Mike Hosking we need to see how indicators track in the months ahead before drawing any conclusions. He says the deficit could change a bit from month to month, due to fluctuations in tax revenue and expenditure. LISTEN ABOVE See omnystudio.com/listener for privacy information.
On this week's podcast: State education has been in a void in New Zealand for a number of years. After spending some time as a world leader, the education field has been ploughed with incompetence. In all but a few schools. NCEA has failed, and the restructuring currently being attempted will also fail. Rangitoto Principal, Patrick Gale, explains why the country's largest school is rejecting NCEA Level 1 and creating its own diploma. The number of schools considering the same is uncertain, but is on the increase. From the NZ Initiative think tank, Dr Michael Johnson deals to an incompetent Education Dept. “Not fit for purpose” is his emphatic opinion. And, of course, The Mailroom with Mrs Producer. File your comments and complaints at Leighton@newstalkzb.co.nz Haven't listened to a podcast before? Check out our simple how-to guide. Listen here on iHeartRadio Leighton Smith's podcast also available on iTunes:To subscribe via iTunes click here See omnystudio.com/listener for privacy information.
Economists Eric Crampton of the New Zealand Initiative and Craig Renney of the Council of Trade Unions share their views on what Budget 2023 got right and what it got wrong.Crampton explains why giving subsidies to the game development industry is a sort of mutually assured waste of taxpayer money, and how tobacco tax could mean the government books take an extra year to return to surplus. Renney tells us how S&P Global Ratings said NZ government debt was not unlike a designer Hermès handbag and makes the case that Budget 2023 is not as inflationary as some have claimed. But neither think that it matched up to its 'No-Frills' moniker.
Kiwis on the minimum wage will have an extra $1.50 an hour in the pocket from tomorrow. The increase, which comes in from April 1st, brings the wage to $22.70 an hour. The government says the impact on inflation will be minor, but the ACT Party says thousands of job losses are now possible. NZ Initiative Chief Economist Eric Crampton told Andrew Dickens it's possible, especially if the economy turns sour. "Once you get into a downturn, there will be pressures for job losses," he said. "Employers will be getting less revenue, they may be downsizing and finding ways to cut costs." See omnystudio.com/listener for privacy information.
The NZ Initiative are urging for the Severe Weather Emergency Recovery Legislation bill to be amended with an immediate post-implementation review of the legislation. In the consultation process the Government and administration committee left less than 24 hours for submitters to respond to the bill, therefore providing no opportunity for deliberation. NZ Initiative executive director Oliver Hartwich joined Mike Hosking. LISTEN ABOVESee omnystudio.com/listener for privacy information.
There is a feeling around the country that our monetary policy is a mess. And a new report by the NZ Initiative is putting all the blame on the Government. The report highlights the Government's role in distracting the RBNZ from maintaining price stability, with money remaining too loose for too long as a result of wrong inflation forecasts from banks. Along with the Governments prioritisations of achieving low employment over the risk of inflation breaking out. Senior fellow at the NZ Initiative and author of the report Dr Bryce Wilkinson joined Mike Hosking. LISTEN ABOVESee omnystudio.com/listener for privacy information.
There is a feeling around the country that our monetary policy is a mess. And a new report by the NZ Initiative is putting all the blame on the Government. The report highlights the Government's role in distracting the RBNZ from maintaining price stability, with money remaining too loose for too long as a result of wrong inflation forecasts from banks. Along with the Governments prioritisations of achieving low employment over the risk of inflation breaking out. Senior fellow at the NZ Initiative and author of the report Dr Bryce Wilkinson joined Mike Hosking. LISTEN ABOVESee omnystudio.com/listener for privacy information.
The Education Ministry's considering changes to new literacy and numeracy tests like fewer questions, simpler language and letting students use spell-check. Documents obtained by RNZ show the Education Ministry and Qualifications Authority have been at odds about the tests' high failure rates. In a pilot last year, there was a 34 percent pass rate in writing, 56 percent in maths, and 64 percent in reading. NZ Initiative Senior Fellow Michael Johnston says the Ministry's clutching at straws. He says it's spent decades presiding over declining standards while ignoring science on the best way to teach those key skills. LISTEN ABOVESee omnystudio.com/listener for privacy information.
The Herald - and its publisher NZME - has embarked on a months-long series to push back at short-term thinking and political tribalism holding back the post-Covid recovery. Mediawatch asks the driving forces of ‘Rebuilding Better' how that can be done - and if that means confronting some of the shrillest voices on NZME's own platforms.
The Herald - and its publisher NZME - has embarked on a months-long series to push back at short-term thinking and political tribalism holding back the post-Covid recovery. Mediawatch asks the driving forces of ‘Rebuilding Better' how that can be done - and if that means confronting some of the shrillest voices on NZME's own platforms.
NZ Initiative Executive Director Oliver Hartwich recently wrote an opinion piece in the New Zealand Herald describing the current education system as a 'disaster'. The piece called for better educational training and more defined career structure for teachers in order to improve our nation's educational rankings in reading and mathematics. Oliver Hartwich went on to explain that this current educational crisis has been years in the making, and our decline didn't happen overnight. "We have a curriculum that doesn't clearly spell out what students should really learn, we haven't really got an assessment system either, our teacher training doesn't really work. We are not good at delivering the basics of literacy or numeracy." LISTEN ABOVE See omnystudio.com/listener for privacy information.
Mike Munroe, former Labour Chief of Staff, and current director at Mike Munroe Communications and Ben Thomas of Capital PR join us here to talk about: The new report from NZ Initiative about the lack of evidence that modern learning works. Waka Kotahi telling a Greymouth councillor that he was letting his emotions get the better of him when asked to lower speed limits outside a school. The business community in South Canterbury is not happy with the public holiday being moved. All of these and more will be discussed on The Huddle. LISTEN ABOVESee omnystudio.com/listener for privacy information.
Dr Michael Johnson, a Senior Research Fellow from the NZ Initiative joined the program to discuss his research on Modern Leaning Environments'. LISTEN ABOVE See omnystudio.com/listener for privacy information.
There is no evidence Modern learning classrooms are effective. That is according to research by think tank The New Zealand Initiative that has found the Education Ministry's classroom experiment has not been based on evidence. The ministry has been unable to provide data on the number of learning environments, their cost and effectiveness. Senior Fellow Dr Michael Johnston told Kate Hawkesby the Ministry didn't research the effect these environments would have on students' learning before forcing schools to adopt them. He says there's been a complete lack of information of its effectiveness before and after it was implemented. LISTEN ABOVESee omnystudio.com/listener for privacy information.
There are some worryingly low pass results in a NCEA literacy and numeracy trial. Year 10 students have trialled the test, which will be made compulsory for year 11 students in 2024. Michael Johnston, a senior Fellow at The NZ Initiative, states that the tests were designed to reflect real world usage of reading, writing, and numeracy, and the reason why the students are under performing is attributed to teaching methods. “For decades, we've been pursuing methods of teaching reading and writing and numeracy, that are not as effective as they could be.” LISTEN ABOVESee omnystudio.com/listener for privacy information.
An op-ed published by Dr. Bryce Wilkinson from the NZ Initiative has come out. It essentially is rebutting what many have been saying in that New Zealand's inflation rate is a result of deliberate Reserve Bank decisions back in 2020 to save jobs and the economy at the expense of inflation. Dr Bryce argues against that and joined Mike Hosking. LISTEN ABOVE See omnystudio.com/listener for privacy information.
An op-ed published by Dr. Bryce Wilkinson from the NZ Initiative has come out. It essentially is rebutting what many have been saying in that New Zealand's inflation rate is a result of deliberate Reserve Bank decisions back in 2020 to save jobs and the economy at the expense of inflation. Dr Bryce argues against that and joined Mike Hosking. LISTEN ABOVE See omnystudio.com/listener for privacy information.
Claims the outbreak of inflation in many economies is due to mistakes made by central banks. It comes in the form of a new paper, co-authored by former governor of the Reserve Bank of New Zealand Graeme Wheeler, and the New Zealand Initiative's Dr. Bryce Wilkinson. They say central banks overall were too confident about their monetary policy framework and thought they could control output and employment. It also points out central banks were distracted by extraneous political objectives, like climate change. Dr. Bryce Wilkinson joined Mike Hosking. LISTEN ABOVESee omnystudio.com/listener for privacy information.
Claims the outbreak of inflation in many economies is due to mistakes made by central banks.It comes in the form of a new paper, co-authored by former governor of the Reserve Bank of New Zealand Graeme Wheeler, and the New Zealand Initiative's Dr. Bryce Wilkinson.They say central banks overall were too confident about their monetary policy framework and thought they could control output and employment.It also points out central banks were distracted by extraneous political objectives, like climate change.Dr. Bryce Wilkinson joined Mike Hosking.LISTEN ABOVESee omnystudio.com/listener for privacy information.
The Government, at the May Budget, announced the duration of the three-month fuel tax cut would be extended by two months.This means the petrol excise duty discount is due to be dropped in August.NZ Initiative chief economist Eric Crampton has reportedly uncovered that Labour gave NZTA officials less than 24 hours to come up with the policy. Eric Crampton joined Heather du Plessis-Allan to discuss.LISTEN ABOVE
An economist has found officials were given less than a day's notice of the fuel tax and Road User Charge reduction announced by the Government.Documents show transport agency and ministry officials had less than 24 hours on a Sunday afternoon to cost and develop the policy.The scheme was announced at the Prime Minister's post-Cabinet press conference the next day.NZ Initiative Chief Economist Eric Crampton told Heather du Plessis Allan it was clear at that press conference and following briefings, they had no clue how to apply it to diesel.He says the reason journalists couldn't get any detail was because officials were still trying to work it out days later.LISTEN ABOVESee omnystudio.com/listener for privacy information.
The NZ Initiative claims no more climate change policies are necessary and we'll get to net-zero carbon by 2050 without expensive policies. The Government's 1.9-billion-dollar investment in mental health has not seen improvements. MBIE is still trying to figure out who to actually invoice, and how much, for their stay in MIQ. Are people driving their cars less to save petrol now that it's so expensive? Neale Jones and David Farrar joined Andrew Dickens to talk this and the rest of the news on The Huddle. LISTEN ABOVE
Further climate change action from the Government isn't needed and won't help. That's the finding from a new report from the NZ Initiative. The Government's set to spend big bucks on climate change in the next budget, more than $200,000 per household. But the report says existing policies are enough to reach net zero emissions by 2050, and new ones will have almost no effect. Matt Burgess is the senior economist and writer and he joined Mike Hosking. LISTEN ABOVESee omnystudio.com/listener for privacy information.
Is New Zealand's Net Zero carbon emissions target of 2050 likely or achievable? Will electric vehicle subsidies and similar policies help us get there? Matt Burgess joins Ben Craven to talk through the findings of his latest research report, Pretence of Necessity: Why further climate change action isn't needed and won't help. Read Matt's report on the NZ Initiative website, www.nzinitiative.org.nz
Oliver Hartwich joins Ben Craven for the final NZ Initiative podcast of 2021. The pair recap the highlights of the past twelve months, look at how the Initiative has influenced policy, and outline plans for 2022.
Today's episode is a must-watch podcast if you've ever wanted to change the world (or at least New Zealand!). In our last episode, Mark was interviewed by the NZ Initiative and today he's reciprocating by interviewing Oliver Hartwich! They talk about how the NZ Initiative endeavours to help New Zealanders with no hidden agenda at all. They are the organisation to sketch pathways towards a better future. Their mission is to help create a competitive, open and dynamic economy and a free, prosperous, fair, and cohesive society. As New Zealand's leading think tank, they work closely with its members, policymakers across the political spectrum, the wider business community, the media, academics and the general public. Mark has access to this group so have a listen if you really have some strong feelings about how any sort of policy in the country would benefit New Zealanders and have a chat with him sometime. By the way, if you want to join their weekly newsletter, click here. Oliver then talks about the main topic which is what a local Government could and maybe should look like, as it does successfully in places like Switzerland and Germany. We found this extremely informative and interesting and we hope you do too. Happy listening! Disclaimer: Property Ventures Real Estate Limited is a Licensed Agent under the REAA 2008. The New Zealand Property Podcast does not purport to be comprehensive nor to provide specific advice. Any opinions expressed in this podcast may not match the opinion of Property Ventures Real Estate. No person should act in reliance on any statement made within this podcast without first obtaining professional advice.
Makers of the film about the Christchurch mosque attacks are expecting taxpayers to subsidise the venture.The director Andrew Nicoll has been looking to cover 40 percent of production costs by way of the film subsidy.Nothing is confirmed yet, but if the movie does go ahead, it would likely qualify for that.A question to come out of this is whether taxpayers should fund a movie depicting current politicians?Eric Crampton, chief economist at the NZ Initiative told Tim Dower more often than not, it's the filmmakers that end up winning.“It's kind of a losing game for taxpayers, internationally; filmmakers come out of it pretty well. Countries bid against each other to try provide the largest subsidies to attract international film productions and when countries do that, the winners wind up being the film companies.”LISTEN ABOVE
The Climate Change Commission's final advice to the Government was released today. Our Executive Director Jordan Williams speaks again to Matt Burgess from the NZ Initiative to discuss the implications. Support the show (http://www.taxpayers.org.nz/donate)
Official advice and cabinet papers have been released regarding last month's housing changes. They reveal Treasury advised that rent control could have negative results, such as incentivising more investors to sell. It noted that international evidence shows that landlords will try to find other ways to increase rental income or rents, as soon as the controls end. Renters United spokesperson Ashok Jacob, and NZ Initiative senior fellow Dr David Law spoke to Susie Ferguson.
Official advice and cabinet papers have been released regarding last month's housing changes. They reveal Treasury advised that rent control could have negative results, such as incentivising more investors to sell. It noted that international evidence shows that landlords will try to find other ways to increase rental income or rents, as soon as the controls end. Renters United spokesperson Ashok Jacob, and NZ Initiative senior fellow Dr David Law spoke to Susie Ferguson.
We like to think that when we borrow money, in fact we're taught this, that money is simply transferred from savers to borrowers and banks act as intermediaries. While that's partially true, it's potentially more true that new money is created every time you take out a loan from the bank...out of thin air. Technology has been tremendously deflationary, so for decades, money creation [by retail banks and also our Central Bank] had no significant impact on consumer price inflation (CPI). What we've observed in the last 12 months however, is that increased money supply does have an impact. It appears first in the giant sponges of our financial markets - property markets and equity markets have boomed, along with justified cries of anguish from those with no assets to inflate - all partially thanks to new money creation at a scale we've never seen before. I want to know, what happens when this sponge is wrung out?So I have some question for Oliver Hartwich today, from the NZ Initiative. -Why is there no inflation, as defined by the CPI occurring with all this ‘money printing’? -How can governments act to create economic growth through money supply growth – is this even possible, or is this simply an monetary hallucinogen?-How important is central bank independence from the government, and are we seeing this independence erode here in NZ? How does this trend compare to overseas?-What are some negative outcomes that are possible from too much inflation and how can we get back to further stability here – return of the gold standard in some capacity?______________________________________________________________The NZ Everyday Investor is brought to you in partnership with Hatch. Hatch, let's you become a shareholder in the world's biggest companies and funds. We're talking about Apple and Zoom, Vanguard and Blackrock.So, if you're listening in right now and have thought about investing in the US share markets, well, Hatch has given us a special offer just for you... they'll give you a $20 NZD top-up when you make an initial deposit into your Hatch account of $100NZD or more. Just go to https://hatch.as/NZEverydayInvestor to grab your top up. __________________________________________________________________Like what you’ve heard?You can really help with the success of the NZ Everyday Investor by doing the following:1- Follow the NZ Everyday Investor on Clubhouse.2- Write a review on Facebook, or your favourite podcast player3- Help support the mission of our show on Patreon by contributing here4- To catch the live episodes, please ensure you have subscribed to us on Youtube: 5- Sign up to our newsletter here6-Tell your friends!NZ Everyday Investor is on a mission to increase financial literacy and make investing more accessible for the everyday person!Please ensure that you act independently from any of the content provided in these episodes - it should not be considered personalised financial advice for you. This means, you should either do your own research taking on board a broad range of opinions, or ideally, consult and engage a financial adviser to provide guidance around your specific goals and objectives.If you would like to enquire around working with Darcy (financial adviser), you can schedule in a free 15 min conversation just click on this link______________________________________________________________________
An economist has called for New Zealand to start paying blood donors. New Zealand, like other countries, does not pay donors, relying entirely on voluntary donation. However, a new report has revealed that New Zealand does rely on blood that is paid for - however, it is imported from the United States, where compensation for donation is allowed. Dr Eric Crampton from The NZ Initiative has written an opinion piece calling for donors to be paid. He joined Kerre McIvor to discuss why we need to do this, and why relying on blood from the US is not sustainable. LISTEN ABOVE
In this episode, we talk to Dr David Law (Research Fellow) and Dr Eric Crampton (Chief Economist) at the New Zealand Initiative thinktank. Dr Law has just published a paper, Policy Point: Short-time work to maintain employment and Dr Crampton a Research Note: Effective Treatment: Public policy prescription for a pandemic. Both join us to discuss their papers, as well as why current calls from leftwing groups for a UBI are misguided.Support the show (http://www.taxpayers.org.nz/donate)
New Zealanders are drowning in comment. Auckland University staff alone wrote 220 comment pieces for general audiences in 2017. Think tanks and sector groups churn them out op-eds, and many others do too. But do they change minds? Mediawatch's Jeremy Rose investigates.
New Zealanders are drowning in comment. Auckland University staff alone wrote 220 comment pieces for general audiences in 2017. Think tanks and sector groups churn them out op-eds, and many others do too. But do they change minds? Mediawatch's Jeremy Rose investigates.
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