Regulating Bankers

Grant Robertson gets occasional criticism from the left but it is hard to fault him for his timing or his delivery in seeking to strengthen banking sector oversight.

Why Labour’s student debt policy is a success

National has claimed that Labour’s tertiary fees policy is failing because numbers applying for it have not increased.  But National clearly has failed to understand that the policy is about reducing student loan totals or it is deliberately misinterpreting the reason for the policy.

Show us the money Simon

Hopefully the media will ask of National the tough questions, like how it is going to increase spending in critical areas, pay down debt and give us a tax cut at the same time.

The Reserve Bank Reform Bill

The Government is planning changes to the Reserve Bank Act to require it to seek full employment. Maybe it is time for a dramatic change to its powers so that it has the regulatory powers to properly deal with the Australian banks.

Grant Robertson is a financial genius

Remember the $11.5 billion hole that Stephen Joyce and National said Labour was going to leave the country with?  Well the 2017/18 financial books have been completed and released and the Government’s surplus was $2.4 billion greater than forecast.

Scrap the spending cap

Economist Ganesh Nana and Alan Johnson from the Salvation Army have urged the Government to relax the fiscal straight jacket imposed by its budget responsibility rules.

Government with a plan

The polls are great. Top work. But I’m getting worried about the entropy of this government already. Matthew Hooten and Karl Marx agree with me.

Is Karl Marx dead?

2018 marks several anniversaries of Karl Marx whose significance for the critique of capitalist society is hard to diminish. But what now for his beliefs?

Productivity

A more productive economy – and society – has been an elusive goal for many of New Zealand’s previous governments.  The last National Government failed.  What will Labour do to succeed?

The new cabinet

Details about how the next Cabinet may be made up are emerging. Winston Peters may regain the position of Minister of Foreign Affairs as well as being Deputy Prime Minister.

Labour won’t regain power until it wins the tax debate

Labour didn’t deserve to win on Saturday because, firstly, because it failed to bring a fully-fleshed tax policy to voters, and, secondly, it never attempted to win the ideological battle over tax. To succeed at the next election, Labour must begin work today to frame this debate.

Steven Joyce’s comprehension fail

Steven Joyce’s claim that Labour’s budget forecasts have a $11 billion dollar hole in them raises some concern with his ability to actually understand Government budgetary processes.

Debt to Income Loan Limits

The possible introduction of debt to income lending ratios will potentially have an enormous effect on New Zealand’s housing market.