Two weeks out from the Budget, it's a good time to remember what is the means of economic management and what are the true ends
Read MoreHas fiscal responsibility become a false idol?
With most of the economic policy options for the coming NZ election now in front of us, it would appear we are continuing down the route of GDP growth, low inflation, government surpluses and Triple A credit ratings as measures of economic policy success. But, these are only means towards some desired ends or ultimate goals?
Read MoreYes! At long last, we have a plan – it's a secret but it is working
Budget 2015 documents were accompanied by a banner heading A plan that's working. An undoubtedly naive economist, originally ignorant as to the presence of the plan, describes his journey in uncovering the nature of the plan.
Read MoreWho moved the inflation goal posts?
The inflation policy target has been missed regularly over the past two years, and will be missed for another year. The evidence is that the target has been moved. So by who? And will we be let in on the secret?
Read MoreLiving in fear of full employment
The doctrine of the pre-emptive strike against inflation is self-immolating. Controlling (suppressing) demand growth invariably limits investment in new capacity and so the ability to improve productivity and/or maintain competitiveness.
Read MoreIs global economy really on the mend?
The IMF's latest assessment of the world's economy contains a surprising policy suggestion. Should we be concerned (again), or is it just another part of the great plan?
Read MoreThe dark side of the rock star economy
Why is there this clamour for a rise in interest rates? Just what are we trying to achieve?
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