Daily review 10/07/2026

6 comments on “Daily review 10/07/2026 ”

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1. tWig 1

   10 July 2026 at 7:28 pm

   Here's a very interesting idea from someone in Australia: taxing(and/or owning) a % of ai companies acting in Australia to amass a sovreign wealth fund to transition those workers displaced by ai into new work.

   "The Citizens of Australia Dividend (COAD) is a fully costed, evidence-based Sovereign Wealth Fund — modelled on proven mechanisms like Alaska's Permanent Fund and Norway's Government Pension Fund — that ensures a structured portion of AI's productivity gains flows back to the Australians displaced by it."

   "COAD is funded by Australia's existing national wealth and AI productivity gains — not by raising income taxes on ordinary Australians."

   "Payments [suggested $35k pa] go only to workers who have lost their jobs to AI automation and are actively seeking work or retraining. Strong built-in work incentives ensure employment always pays more."
   https://coad.life/index.html#coad

   Apparently Bernie Sanders has already put forward legislation exacting a 5% stake in US ai companies exactly for a US sovereign fund.

   Sounds good to me: the NZ state taking an automatic ownership stake in those ai companies etc. Should extend that to extractive industries like data centres and mining as well.
2. greywarshark 2

   10 July 2026 at 9:38 pm

   For raising one's economic comprehension fof NZAO and the world affecting us, from du-oh.

   Keith Rankin on Scoop offers a citizen level review and consideration of our ecs.

   After some discussion and graphs illustrating the points –

   …If this was a court case being put to a jury, the evidence is 'beyond reasonable doubt' that higher interest rates aggravate rather than ameliorate inflation. The Reserve Bank, like a crooked prosecutor, gets away with its counter-evidential claims simply because the evidence is not put to a jury of common sense lay opinion. The evidence presented here, while conclusive beyond reasonable doubt, is not at all technical; certainly much less technical than much evidence routinely put before juries in New Zealand…

   https://www.scoop.co.nz/stories/HL2607/S00024/interest-rates-is-the-nz-economy-presently-overstimulated.htm
   • KJT 2.1

     11 July 2026 at 8:14 am

     I wrote these around 2010 / 2013.

     It seems lessons are never learned?

     KJT. Random musings on all sorts of things.: The Reserve Bank, Debt and the Property Market

     Of course raising business interest rates beyond that of overseas competitors has no effect on prices and competitiveness. Right!! And interest rate rises of themselves are not a driver of inflation. Right!! And higher interest rates in NZ do not give windfall profits to overseas banks and finance companies. Right!! And lower wages and higher prices do not drive borrowing to live. Right.

     KJT. Random musings on all sorts of things.: Search results for Reserve Bank act

     In New Zealand we have the "Reserve Bank Act".

     Which basically requires the reserve bank to kill the rest of the economy, whenever Auckland house prices, or wages, rise.

     Originally enacted, as a circuit breaker, to cap excessive inflation in the 80's, politicians have kept it, long past its use by date, because in their limited view, what works once, briefly, will work perpetually.
     It could be argued that it was somewhat successful in curbing very high inflation, on that limited occasion, though others would note that the end of very high inflation ended with the slowing of the rise in oil prices.

     Now, every time the New Zealand productive economy struggles off its knees, the reserve bank delivers another knockout.
3. greywarshark 3

   10 July 2026 at 9:43 pm

   Oh dear I made a muck of that. Two and can't get rid of second.
4. Ad 4

   11 July 2026 at 7:27 am

   That Keith Rankin article is well worth the read thankyou Grey
   • greywarshark 4.1

     11 July 2026 at 1:31 pm

     TQ Ad Thanks and you have started further thinking which has expanded in my imagination. What do you think of my brainfart?

     If we can all get on the right wavelength and a large majority get singing from the same songbook we would get a better outcome than we have had too long. And save more of our society and limit the trauma from climate change effects and stupid machinations of avaricious power-riches nuts.

     We have to accept that Ec is a bunch of posits that the money-mad reach into for a posy that looks good. But is not a base to run a world that respects people's worth on. How to get that across keeps us at kindergarten level, compared to where we should be.

     I am opening up my brain by reading Catherine Cookson, her books around people's (particularly women's) struggles under bad economics and conditions, especially in the early 1900s and Industrial Revolution were best borrowed in Brit libraries for decades. She made millions with her husband's support, as she had a bleeding disease that weakened her. and they left their estate largely to the people of North UK's betterment.

     I've been reading Sara Paretsky and just finished Killing Orders, based around the desire to 'partition' money by some Vatican money men with many millions involved.

     I can't see how people like Milton Friedman and Ayn Rand could carry such heft. I suppose the answer is as in crime, what and why, look for the money. Down the ages we have let our tool, money and later corporations, capture us. We must master that trait now and need more than reading to get points across, especially in this age of gossip through social media, abbreviated messages on screens, immediacy with moving pictures and visual presentation. We're almost back to the audience of Shakespeare's time!

     And people are starting to run their lives on gossip, and moving pictures. Perhaps we need to develop new ways of reaching people's minds, similar to the sharp and cutting scenarios of static cartoonists. I am thinking of Asian shadow plays that would be fascinating to undeveloped minds as Punch and Judy was to children once. Could aware, clever citizens get something like this going now and tour it in these important months before the election. I would put some money up to get it going. It would be a task, but beneficial. Perhaps 'Mamil' man in the Nelson area and the group behind him, could advise?

     https://en.wikipedia.org/wiki/Shadow_play …A skilled puppeteer can make the figures appear to walk, dance, fight, nod and laugh.

     There are four different types of performances in shadow play: the actors using their bodies as shadows, puppets where the actors hold them as shadows in the daytime, spatial viewing, and viewing the shadows from both sides of the screen.

     Shadow play is popular in various cultures, among both children and adults in many countries around the world. More than 20 countries are known to have shadow show troupes. Shadow play is an old tradition and is listed as a Syrian intangible cultural heritage by UNESCO.

     It also has a long history in Southeast Asia, especially in Indonesia, Malaysia, Thailand, and Cambodia. It has been an ancient art and a living folk tradition in China, India, Iran and Nepal. It is also known in Egypt, Turkey, Greece, Germany, France, and the United States…

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